Luis Abinader
Coverage of Luis Abinader in the Nexus archive.
- Dominican Republic Signs a 30% Tax on Its Biggest Firms Into Law
President Luis Abinader signed Law 30-26, increasing the tax rate for the Dominican Republic's largest companies to 30% from 27% for three years. The law targets firms with annual revenue exceeding 1 billion pesos (about $17 million), affecting just under 1% of companies, including foreign entities.
- Dominican Republic pushes for tax increases to offset surge in oil prices
The Dominican Republic plans to increase or implement new taxes to generate $800 million annually, targeting companies earning over $17 million, airline tickets, casinos, gambling, and electronic cigarettes. Tax exemptions will apply to micro-enterprises and individuals earning less than $680 monthly, while fuel subsidies totaling $350 million have already been allocated this year to mitigate rising oil prices linked to the Iran war.
- Dominican Republic Protests Derail Canadian Gold Mining Project
The Dominican Republic protests have derailed a Canadian gold mining project. The project's future is uncertain due to the opposition from local communities. President Luis Abinader is involved in the situation.