A new law was enacted establishing a tax incentive regime for domestic and international commercial civil aviation.
The main purpose of this law is to boost the country’s aeronautical industry, increase the flow of visitors and tourists to the national territory by air, establish new international routes to and from strategic markets of the Dominican Republic, increase competitiveness and offers in air transportation and consolidate the positioning of our country as a connection point for transportation, passenger logistics, trade and international investment.
The law establishes a period of 15 years, counted from its enactment (in the case of exemption of taxes on assets, the maximum period of enjoyment will be of 5 fiscal years counted from the beginning of operation of the applicant company), to provide tax incentives to both national and international companies belonging to the commercial civil aviation sector. The incentives are as follows: Read more
