20 January 2020 Dominican Republic's National Council of Free Trade Zones of Exportation modifies VAT exemption card validity period The valued-added tax exemption card validity period is modified for free trade zone (FTZ) companies and operators to replace the standard one-year validity period with varying validity periods based on the type of company or operator. On January 15, 2020, the Dominican Republic's National Council of Free Trade Zones 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.
Document ID: 2020-0138 | |||||||||||||||||||||||||||||