International tax changes impacting Dominican companies

The global tax environment is constantly evolving and can affect companies in the Dominican Republic, especially those involved in import and export operations or multinational business activities. Staying informed about these developments allows companies to plan effectively and comply with regulations efficiently.

Recent changes of interest • United States: The 2024 tax reform included adjustments to withholding tax rates on international payments, affecting companies that receive services or goods from the U.S.

• European Union: New VAT guidelines for international e-commerce impact Dominican companies that sell to European customers, requiring adaptations in invoicing and tax reporting.

• Latin America: Countries such as Mexico and Brazil have strengthened electronic tax enforcement, which may imply changes in accounting reporting for companies operating with partners in those markets.

Recommendations for companies 1. Monitor international regulations: follow publications from foreign tax authorities and rely on specialized accounting advisory services.

2. Update accounting systems: ensure accounting software can adapt to changes in international taxation.

3. Strategic planning: integrate international tax impacts into budgets and cash flow planning.

Staying informed about global tax changes protects companies from penalties and facilitates regulatory compliance, strengthening reputation and building trust with clients and investors.

Fuentes:

• IRS (Estados Unidos)
• Comisión Europea – IVA y comercio electrónico
• PwC México y Brasil – Actualización fiscal internacional