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Local and Spanish taxpayers won’t be taxed twice

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.

Source: DT

Category: DR News |

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Last updated December 8, 2016 at 12:39 AM
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