Treasury Clarifies that Digital Platforms Will Not Have New Taxes
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The measure benefits Dominican companies that acquire software, digital advertising and cloud services from foreign suppliers and has no impact on private users Santo Domingo.- The Ministry of Finance and Economy clarified that Law 30-26 on Economic Growth Measures, Tax Simplification and Mitigation of the International Crisis, reduces the withholding of Income Tax (ISR) from 27% to 15% applicable to certain payments made by Dominican companies …
The Ministry of Finance and Economy clarified that Law 30-26 on Measures for Economic Growth, Tax Simplification, and Mitigation of the International Crisis does not establish new taxes on digital subscriptions for personal use, as has been interpreted in some circles. The institution explained that the legislation modifies the Income Tax (ISR) withholding applied to payments made by Dominican companies to foreign providers for services such as …
Santo Domingo.— The Ministry of Finance guaranteed that subscriptions to entertainment platforms, mobile applications, individual cloud services and any other digital service directly contracted by citizens are not subject to new charges. As clarified by the institution, the newly enacted Law 30-26 does not contemplate any fiscal impact on private users or final consumers of these tools. (Continue reading...) La entrada Hacienda clarifies that d…
Subscriptions to entertainment platforms, mobile applications, individual cloud services, and any other digital services contracted directly by citizens are not subject to the withholdings established by Law 30-26 on measures to promote economic growth, tax simplification, and mitigate the international crisis. This was clarified in a statement by the Ministry of Finance and Economy. The Ministry maintained that, given inaccurate interpretations…
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