Countries › Dominican Republic › Guide › 5. FX and capital controls › Foreign currency in Dominican tax and accounts: year end exchange differences and the DGII closing rates

Foreign currency in Dominican tax and accounts: year end exchange differences and the DGII closing rates

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Last verified: 2026-10-30 · Status: Stable

Unrealized exchange gains and losses on foreign currency balances count for income tax at year end. DGII publishes the rate for each fiscal closing, and in the 2025 and 2026 closings checked it matches the Banco Central reference buying rate on the closing date. Official books stay in pesos.

USD figures use the Banco Central de la República Dominicana reference selling rate of RD$60.9007 per US dollar for 29 October 2026, as shown on its home page on the verification date, rounded to the cent.

Key facts

DGII rate, 31 December 2025 closing	62.8978 DOP per USDDDG-AR1-2026-00001, as of 2025-12-31 · in force
DGII rate, 31 December 2025 closing	73.9489 DOP per EURDDG-AR1-2026-00001, as of 2025-12-31 · in force
DGII rate, 30 June 2026 closing	59.2684 DOP per USDDDG-AR1-2026-00006, as of 2026-06-30 · in force
Unrealized exchange differences	Taxable or deductible at year end textLey 11-92 art. 293, as of 2026-10-30 · in force

The rule

1. Unrealized exchange differences at fiscal year end, on currency owned by a company or on foreign currency obligations, count as taxable income or deductible business expense, as the case may be.Ley 11-92, Código Tributario, art. 293, 1992-05-16 official text · verified 2026-10-30

2. DGII publishes the exchange index for art. 293 within 30 days of the fiscal closing dates, based on Banco Central information.Reglamento 139-98 del Impuesto sobre la Renta, art. 108, 1998 official text · verified 2026-10-30

3. At closing, taxpayers adjust all foreign currency assets, including cash, receivables, securities, deposits and investments, in the country or abroad, and all foreign currency liabilities.Reglamento 139-98 del Impuesto sobre la Renta, art. 109, 1998 official text · verified 2026-10-30

4. Asset adjustments go to a Resultado Cambiario account in the income statement, which counts for tax. Liability adjustments go to the related asset if applicable, or to that same account.Reglamento 139-98 del Impuesto sobre la Renta, art. 109 paragraph I, 1998 official text · verified 2026-10-30

5. Items that already contain an exchange adjustment by express or tacit agreement are excluded.Reglamento 139-98 del Impuesto sobre la Renta, art. 109 paragraph III, 1998 official text · verified 2026-10-30

6. Foreign income tax credited against Dominican tax is converted at the average rate of the currency for the period of the income and the credit, a rate requested from the monetary authorities.Reglamento 139-98 del Impuesto sobre la Renta; Ley 11-92, Código Tributario, art. 83 paragraph; art. 316 literal a, 1998 official text · verified 2026-10-30

7. Costs of purchases or payments in foreign currency are deductible at recorded values if reasonable and in line with the market exchange rate.Reglamento 139-98 del Impuesto sobre la Renta, art. 37 paragraph II, 1998 official text · verified 2026-10-30

8. For the 31 December 2025 closing, the rates are RD$62.8978 per dollar and RD$73.9489 per euro.DGII Resolución DDG-AR1-2026-00001, Ordinal second, 2026 official text · verified 2026-10-30

Fiscal closing	RD$ per US$	RD$ per EUR	Resolution
30 June 2025	59.2376	69.4265	DDG-AR1-2025-00005
31 December 2025	62.8978	73.9489	DDG-AR1-2026-00001
31 March 2026	60.2552	69.2814	DDG-AR1-2026-00003
30 June 2026	59.2684	67.5304	DDG-AR1-2026-00006

DGII closing rates for art. 293

Worked example

A company closing on 30 June owes US$1,000,000. At the 30 June 2025 rate the debt is RD$59,237,600, and at the 30 June 2026 rate RD$59,268,400. The RD$30,800 increase (about US$505.74) is a deductible loss. A company holding the same amount in dollars has RD$30,800 of taxable income.

Step by step

Find the resolution for your closing date on the DGII site.
List every foreign currency asset and liability.
Post the adjustment to Resultado Cambiario.
Exclude items that already carry an exchange adjustment.

Common traps

The gain or loss is taxed before any cash moves, so a dollar borrower with peso income can show a large swing in a volatile year. In 2026 the rate has moved by over RD$5 between its high and low.
Use the DGII rate for art. 293, even if your bank dealt at a different rate during the year.
Reading art. 293 together with the thin capitalization limit: exchange losses are not interest, but the loan behind them still counts in the 3 to 1 test.
No amendment to art. 293 was found in the Ley 30-26 text, whose OCR layer was searched. The compiled Title II predates that law.

Sources

Related: Dominican Republic country profile · live dashboard · central bank and release calendar · our posts on X · where Argentina is involved, see The Argentine Thread guide

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