Benefit as a % of spend | 25.00 |
Financial cap per production | - |
Do I have to register/set up a company? | Optional |
Does foreign cast/crew paid in their home country/region qualify as expenditure? | No |
Do foreign cast/crew have to pay tax in the host country/state/region? | Yes |
Does travel to/from country/region qualify as expenditure? | No |
Can a production qualify for other national incentives such as cultural programmes if it qualifies for this incentive? | No |
Criteria to access the benefit | - - Minimum spend 500000 (in local currency)
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When will the benefit/incentive be received? | - - End of national fiscal year
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Additional incentives or advantages | - - Note: minimum spend is $500,000 USD
Transferable tax credit is paid in the form of a certificate which can be sold to companies that pay taxes in the Dominican Republic.
Free permits to shot in public places.
Tax free import duties for filming equipment.
A 100% tax exemption for the construction of studios or prodution facilities. These includes construction taxes, import of equipment needed to build the infrastructure and also taxes paid for the services rendered to others, for a 15 year period after the signingof the law.
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