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Santo Domingo.- Spain and the Dominican Republic agreed to avert double taxation of individuals and companies that are subject to levies in both nations, Businessweek reports Wednesday.

It said the agreement in the Official Bulletin published allows taxpayers from one nation to deduct the tax owed on income from the other.

“The bilateral agreement also covers Spanish taxes on corporations, non-residents and gains outside of personal income,” the outlet said.

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4 comment(s)
Written by: foresthill, 2 Jul 2014 11:01 AM
From: Dominican Republic, santo domingo
There is another source of revenue lost to the PLD
Written by: josean This user is banned, 2 Jul 2014 2:26 PM
From: United States, Guillermo President 2016 Because Our Future Depends On It!

......yeah like when NARCO Lie-onel "lost" the source from his partner Arturo del Tiempo Márquez the International Spanish Drug Lord now in jail in Spain!

Written by: bernies, 2 Jul 2014 4:47 PM
From: Dominican Republic, Juan Dolio
This is no good because Spain taxes are much more higher than the ones in the DR and if they are to deduct the amounts that they pay in Spain in the DR then this government will be losing lots of income revenue.
Written by: Ricardolito, 2 Jul 2014 9:17 PM
From: Dominican Republic, Zona Colonial
Actually we now have two double tax agreements , the other is with Canada . Although the Dominican law says that overseas income for residents is taxable, no Dominican Government has ever implemented the law .. By definition a resident for tax purposes is someone who lives here for more than 181 days ,not necessarily consecutively
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