Minimum wage and social security contribution caps increase in non-sectorized sector and free zones
The first phase of the wage adjustment, representing a 12% increase, took effect on April 1, 2025, while the remaining 8% will be applied in February 2026. According to the powers granted by Article 455 of the Labor Code, the National Wage Committee set new minimum wage rates for non-sectorized private
Reform No. 15, 2024, Commercial Companies Act Register of Beneficial Owners – British Virgin Islands (BVI)
Starting from January 2, 2025, in order to ensure transparency, all commercial companies incorporated in the British Virgin Islands (BVI) will be required to submit information regarding their beneficial owners to the Corporate Affairs Registry of the BVI Financial Services Commission. Deadlines: Existing companies: Must fulfill the obligation between January 2,
Requirement for Registration of the Tax Compliance Officer
Under Law No. 25-24, which amends Article 11 of the Dominican Tax Code and introduces significant reforms concerning joint liability in corporate tax obligations, the General Directorate of Internal Taxes (DGII) issued a notice on October 25, 2024. This notice mandates the registration of the individual who will serve as