What taxes are required to pay when purchasing properties in the Dominican Republic?

nimda 18/01/2016
  • Transfer Tax. To convey and record the property in favor of the buyer, it is required the payment of 3% of the property value established by the Internal Revenue Department (DGII) or the purchased price indicated in the purchase and sale agreement, the greater of these two values. This tax is paid by the buyer before the recordation of the documents at the Title Registry.
  • Payment of minor expenses such as Internal Revenue stamps and other receipts.

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