- Dominican Republic offers a tax credit for large taxpayers who implement e-invoicing during the voluntary period.
- The credit can be applied to income tax, ITBIS, income tax, and asset tax.
- The maximum credit is RD$2,000,000.00, subject to DGII validation of expenses.
- Taxpayers have six months to submit their application after the notice is published.
- Requirements for the credit include:
- A motivated request, sealed and signed by the applicant.
- A detailed list of expenses incurred for e-invoicing implementation, with proof of payment.
- Accounting records related to e-invoicing implementation.
- Proof of hours worked on e-invoicing implementation.
- Being up-to-date with tax obligations.
- Taxpayers who benefit from the DGII’s free invoicing technology or are subject to special tax regimes with exemptions are excluded.
- The credit can only be applied in full to one of the taxes mentioned in the law.
- No refunds or compensation will be provided for any credit balances.
Source: dgii.gov.do
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
