Countries › Dominican Republic › Guide › 6. Taxes › Tax on checks and electronic transfers in the Dominican Republic: 0.2% since 3 July 2026

Tax on checks and electronic transfers in the Dominican Republic: 0.2% since 3 July 2026

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

A 0.2% tax falls on the value of checks paid by banks and on electronic transfer payments, up from 0.15%. Transfers between accounts of the same person are now outside the tax, as are card purchases, cash withdrawals, social security payments, payments of tax to the State and pension fund transactions. It is a real cost on every supplier and payroll run.

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

Tax on checks and electronic transfers	0.2 %Ley 11-92 art. 382, as of 2026-10-30 · in force

The rule

1. A tax of 0.002 (2.0 per thousand) applies to the value of each check paid by financial intermediaries and to payments made by electronic transfer, including transfers to third party accounts in the same bank.
Cost to do it: 0.2% of each covered payment, charged through the bank.
Example: Payment RD$1,000,000: tax RD$2,000. / Payment US$16,431.32: tax US$32.86.Ley 11-92, Código Tributario, as amended by Ley 30-26, art. 382, 2026-06-18 official text · verified 2026-10-30 · changed: Ley 30-26 art. 40 raised the rate from 1.5 to 2.0 per thousand, in force 3 July 2026 under DGII notice 10-26.

2. Excluded are cash withdrawals at ATMs or branches, transfers between accounts of the same person, credit card purchases, payments to social security, transactions and payments by pension funds, tax payments to the State, State transfers of those funds and Banco Central transactions.Ley 11-92, Código Tributario, as amended by Ley 30-26, art. 382 paragraph, 2026-06-18 official text · verified 2026-10-30 · changed: Ley 30-26 added the exclusion for transfers between accounts of the same person.

Monthly payments	Yearly tax at 0.2%	In USD
RD$1,000,000	RD$24,000	US$394.35
RD$10,000,000	RD$240,000	US$3,943.52
RD$100,000,000	RD$2,400,000	US$39,435.16

Annual cost by payment volume

Worked example

A company paying RD$10,000,000 (about US$164,313.15) a month to suppliers pays RD$20,000 (about US$328.63) a month, RD$240,000 (about US$3,943.52) a year, against RD$180,000 (about US$2,957.64) at the old 0.15%.

Step by step

Identify which accounts move funds between related companies, since only same person transfers are excluded.
Book the charge as a bank cost.
Check whether payroll transfers are charged by your bank.

Common traps

Transfers between two group companies are not transfers between accounts of the same person.
DGII's selective tax page still showed 1.5 per thousand when verified, while notice 10-26 gives 0.20% from 3 July 2026 and the law says 0.002.

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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