Countries › Dominican Republic › Guide › 6. Taxes › Asset tax in the Dominican Republic: 1% of taxable assets, credited against income tax

Asset tax in the Dominican Republic: 1% of taxable assets, credited against income tax

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

The asset tax is an annual 1% on the balance sheet assets of companies and sole proprietors, working as a minimum tax because income tax paid is credited against it. Banks, power companies and some financial entities pay only on fixed assets, and agricultural companies are now exempt. DGII still collects it, even though the compiled code carries a note on a conditional phase out.

USD figures use the Banco Central de la República Dominicana reference selling rate of RD$60.8594 per US dollar for 28 October 2026, the latest row in its published rate file on the verification date, rounded to the cent.

Key facts

Asset tax rate	1 %Ley 11-92 art. 404, as of 2026-10-30 · in force
Temporary exclusion for capital intensive investment	3 years, extendableLey 11-92 art. 406 paragraph II, as of 2026-10-30 · in force

The rule

1. The tax applies each year to the assets of legal persons and individuals with sole proprietorships. DGII states the rate is 1% of total taxable assets.
Example: Taxable assets RD$50,000,000: tax RD$500,000. / Taxable assets US$821,565.77: tax US$8,215.66.Ley 11-92, Código Tributario and DGII income tax page, art. 401 and art. 404, 1992-05-16 official text · verified 2026-10-30

2. Taxable assets are total balance sheet assets including real estate, not adjusted for inflation and net of depreciation, amortization and bad debt reserves. Shares in other companies, rural land, farm real estate and advance tax payments are excluded.Ley 11-92, Código Tributario, art. 402, 1992-05-16 official text · verified 2026-10-30

3. Financial intermediaries, pension fund managers and funds, securities intermediaries, fund managers, securitizers and power generation, transmission and distribution companies pay only on net fixed assets.Ley 11-92, Código Tributario, art. 403, 1992-05-16 official text · verified 2026-10-30

4. The asset tax is declared in the income tax return and paid in two equal installments, the first on the income tax date and the second six months later. For a December close in 2026, DGII lists 30 April and 30 October.Ley 11-92, Código Tributario and DGII income tax page, art. 405, 1992-05-16 official text · verified 2026-10-30

5. The amount is a credit against income tax. If income tax equals or exceeds it, the asset tax is treated as paid. If it is higher, the difference is paid in the two installments.Ley 11-92, Código Tributario, art. 407, 1992-05-16 official text · verified 2026-10-30

6. Companies fully exempt from income tax by law or by a contract approved by Congress are exempt. Agricultural sector companies are now exempt.Ley 11-92, Código Tributario, as amended by Ley 30-26, art. 406 and new paragraph IV, 2026-06-18 official text · verified 2026-10-30 · changed: Ley 30-26 art. 32 added the agricultural exemption.

7. Capital intensive or long cycle investments can get a temporary exclusion of up to three years, extendable with cause, if requested at least three months before the return date. A taxpayer with a loss in the same year can request a temporary exemption on grounds of force majeure or extraordinary causes.Ley 11-92, Código Tributario, art. 406 paragraphs I to III, 1992-05-16 official text · verified 2026-10-30

Income tax	Asset tax	Extra asset tax due
RD$800,000	RD$500,000	RD$0
RD$200,000	RD$500,000	RD$300,000
RD$0	RD$500,000	RD$500,000

How the credit works

Worked example

A startup with taxable assets of RD$20,000,000 (about US$328,626.31) and a loss pays RD$200,000 (about US$3,286.26) of asset tax, half with the return and half six months later, unless DGII grants the loss exemption.

Step by step

Compute taxable assets from the closing balance sheet.
Strip out shares, rural land and advance payments.
File in the IR-2 and offset any income tax.
If a loss year applies, request the exemption with support before the due date.
For a new capital intensive project, apply at least three months before the return date.

Common traps

The compiled code carries a note on art. 48 of Ley 253-12, which set a reduction and elimination subject to a tax pressure target. DGII publishes 1% as current, so budget for it.
Advance payments can offset the asset tax if the year ends with an excess (art. 314).
A loss year does not by itself remove the tax. It only allows a request, which DGII decides.

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

← Corporate income tax in the Dominican Republic: 27%, the temporary 30% rate, returns and foreign incomeDividend withholding in the Dominican Republic: 10% final, the dividend account and a US$100 example →

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