AGP Executive Report
Last update: an hour agoTax & Fuel Shock Plan: The Dominican government is moving a new anti-crisis package to Congress, aiming to raise about RD$80–90 billion through tax reform and spending containment, including a 3-year corporate income tax jump to 30% for large firms, higher taxes on checks/e-transfers, and a proposed US$10 airline ticket surcharge; it also plans to freeze fuel prices for three months if oil stays under US$95/bbl. Micro-Enterprise Relief: The same reform package would repeal the ISR advance payment for micro-enterprises (78% of ISR filers in 2025) and simplify small-business payments to three annual installments, plus eliminate outdated levies like the mortgage tax. Business Climate & Informality: CODESSD backed the fiscal reform direction but urged deeper fixes to tackle high informality, saying it weakens productivity and tax collection. Press Freedom: The National Union of Social Communication Workers (UNTC) rejected any initiative that could restrict freedom of expression or investigative journalism, warning against “gag law” effects. Trade & Agriculture: A new look at Dominican mango exports highlights growing demand and compliance upgrades (like GlobalG.A.P.) supporting shipments to the US and Europe. Tech & Telecom: Viettel approved a $560 million investment to enter the Dominican mobile market as the fourth operator via Viettel Dominicana. Real Estate Financing Pressure: Caribbean and Latin America hotel and commercial owners are being warned about a 2026 debt maturity crunch and refinancing costs that are hitting hospitality hardest.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.