January 21, 2020
Dominican Republicís National Council of Free Trade Zones of Exportation modifies VAT exemption card validity period
On 15 January 2020, the Dominican Republic’s National Council of Free Trade Zones (FTZ) of Exportation issued Notice No. 00376, which modifies the value-added tax (VAT) exemption card validity period applicable to companies and operators under the FTZ regime, as of the year 2020.
Specifically, Notice No. 00376 replaces the one-year validity period that was applicable to all FTZ companies and entities with the following validity periods:
If a VAT exemption card is issued for the first time to an FTZ company or operator, it will only be valid for one year.
For additional information with respect to this Alert, please contact the following:
Ernst & Young, S.R.L., Santo Domingo
Ernst & Young LLP (United States), Latin American Business Center, New York
Ernst & Young LLP (United Kingdom), Latin American Business Center, London
Ernst & Young Tax Co., Latin American Business Center, Japan & Asia Pacific