Home News Updates Dominican Republic announces VAT Exemption for Services Provided by Investment Funds Administrators Dominican Republic announces VAT Exemption for Services Provided by Investment Funds Administrators
By Najma Nazar - On February 18, 2020 10:44 am
The applicable tax regime for investment funds and its administrators is amended with the issue of General Rule No. 02-2020.
The provisions under the rule are as follows:
Services provided by investment funds administrators are exempt from Value-Added Tax (VAT) The tax imposed on the issuance of cheques and electronic transfers will not be levied on withdrawal of assets allocated in investment funds Requirements relating to the registry of investment funds have been listed
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