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NewsWhore
03-20-2009, 03:00 PM
The Department of Taxes has just issued Ruling No. 04-2009 that establishes that individuals or companies offering professional services to companies abroad are now required to bill using the official invoices (NCF) that are required for local transactions. The DGII says that these professional services are representation, technical assistance in all areas and knowledge sharing. This does not apply to the transfer of assets.
The ruling indicates that revenues for services to individuals and companies abroad need to be included in the ITBIS form and declared as untaxed export operations. The violation of the requirement to file will be penalized with fines.

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