FISCAL UPDATE January 11, 2021
TAX UPDATE
January 11, 2021
Stamp Duty Update
Article 240 of Law No. 822, Tax Coordination Law, which was amended by Law 987, Law of Reforms and Additions to Law 822 establishes that the Tax Stamp Tax (ITF) quota will be updated annually to as of January 1, 2020.
The update of the ITF fee will be calculated and published by the Ministry of Finance and Public Credit, by ministerial agreement, during the first twenty days of December of the year prior to its entry into force.
In this sense, on December 18, 2020, Ministerial Agreement 013-2020 was published in the Official Gazette, an agreement by which the Ministry of Finance and Public Credit updated the Tax Stamp Tax quota, the aforementioned Quotas entered into force as of January 1, 2021; As a result of the update, most of the quotas have been increased, the exception being the sealed protocol paper that maintains the same quota.
Below is a comparative table containing the changes made:
| Updating of the Tax on Tax Stamps | ||
| Activities taxed with the Tax on Fiscal Stamps | 2020 STAMP FEES: | STAMP FEES FOR 2021: |
| Certificate of naturalization: a) For Central Americans and Spaniards. b) For people of other nationalities | C$ 296 C$ 729.00 | C$ 304.00 C$ 751.00 |
| 2). Certificates of patents and trademarks | C$ 148.00 | C$ 152.00 |
| 3) Damage or breakdown certificates | C$ 74.00 | C$ 76.00 |
| 4) Certifications and records, even if they are negative. in view of books and files
a) To prove payments made to the Treasury b) Of fiscal solvency. C) If you are not a taxpayer
Of residences of foreigners and their annual renewal.
health for travelers
Freedom of encumbrance of real estate in the Public Registry.
Registration in the Real Estate or Commercial Property Registry.
Of the marital status of people.
For authenticating the signatures of the Real Estate, Commercial, Industrial Property Registrars, Central Registry of People and Civil Status Registry of People in all Municipalities and Departments of the Republic.
j) Others | C$ 31.00 C$ 31.00. C$ 31.00 C$ 296.00 C$ 74.00 C$ 74.00 C$ 74.00 C$ 37.00 C$ 74.00 C$ 74.00 | C$ 32.00 C$ 32.00 C$ 32.00 C$ 304.00 C$ 76.00 C$ 76.00 C$ 76.00 C$ 38.00 C$ 76.00 C$ 76.00 |
| 5) Declaration that must produce effects abroad. | C$ 148.00 | C$ 152.00 |
| 6) Files of major civil lawsuits, mercantile and administrative or tax processing, each page. | C$ 15.00 | C$ 16.00
|
| 7) Incorporation of professionals graduated abroad (attestation). | C$ 148.00 | C$ 152.00 |
| 8) Obligations of indeterminate value | C$ 74.00 | C$ 76.00 |
| 9) Special and general judicial powers | C$ 74.00 | C$ 76.00 |
| 10) Very special, general and general powers of administration | C$ 105.00 | C$ 108.00 |
| 11) Powers (substitution of) | Same as substituted power | Same as substituted power |
| 12) Contract promise of any nature | Same as the respective contract or obligation. | Same as the respective contract or obligation. |
| 13) Sealed paper: a) Protocol, each sheet b) Testimony, each sheet. | C$ 10.00 C$ 15.00 | C$ 10.00 C$ 16.00 |
| 14) Extensions of obligations or contracts | Same as extended contract or obligation. | Same as extended contract or obligation. |
| 15) Recognition of any obligation or contract specified in this Law. | Same as the recognized obligation or contract. | Same as the recognized obligation or contract. |
| 16) Recognition of any obligation or contract not specified in this Law | C$ 148.00 | C$ 152.00 |
| 17) Registration of trademarks and patents (certificate of) | C$ 74.00 | C$ 76.00 |
| 18) Easement (constitution of) | C$ 74.00 | C$ 76.00 |
| 19) Titles or concessions of natural resources: a) Of Exploration. b) of exploitation | C$ 1,480.00 C$ 14,800.00 | C$ 1,524.00 C$ 15, 244.00 |
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