Dominican Republic pushes for tax increases to offset surge in oil prices
Published on: Thursday 11 June 2026
The Dominican government said Thursday that it plans to increase or implement new taxes to generate some $800 million in additional revenue a year to offset a surge in oil prices blamed on the Iran war. The proposals include a 30% income tax hike for three years on companies in the Caribbean country that earn more than $17 million a year. Other proposals include a $10 increase on airline tickets and additional taxes on casinos, gambling and electronic cigarettes.
News source: https://finance.yahoo.com/economy/policy/articles/dominican-republic-pushes-tax-increases-230943025.html
