AGP Executive Report
Last update: 11 hours agoTax Reform Push: The Dominican government’s anti-crisis fiscal plan would raise about RD$80–90 billion via new revenue measures, including a 30% corporate income tax for three years on large firms (over RD$1B in annual revenue), plus higher taxes on checks/electronic transfers and other targeted levies. Oil & Fuel Stability: Officials also plan to freeze fuel prices for three months if oil stays at or below US$95 per barrel, aiming to limit subsidy pressure on consumers. Micro-Enterprise Relief: The package would repeal the ISR advance payment for micro-enterprises (78% of ISR filers in 2025) and shift small businesses to three annual payments instead of twelve, alongside steps to eliminate outdated taxes like the mortgage tax. Business Climate & Competitiveness: CODESSD backed the reform direction but urged deeper fixes, especially tackling high informality that weakens tax collection and social coverage; AIRD also stressed that sustainability must go hand in hand with competitiveness. New Telecom Player: Viettel approved a US$560 million investment to enter the Dominican mobile market as the fourth operator, via Viettel Dominicana. Agriculture Policy: The Senate approved in first reading a bill creating the Dominican Institute of Cassava (INDOCASABE) to boost production, processing, and exports. Trade & Security: The U.S. Coast Guard plans tightened entry rules for ships departing Haiti, a move that could affect regional shipping flows.
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