Punta Cana Has It All

CONFOTUR

The Dominican Republic enjoys a tax benefit system for the promotion of tourism development in places of great tourist potential of the country, such as Punta Cana.

Law No. 158-01 establishes the “Promotion of Tourism Development” (CONFOTUR) dated October 9, 2001

1. Exempt from the tax files

Properties purchased under Law 158-01 (CONFOTUR) will be exempt from tax on transfers of property rights, 3% of the property value.

2. Exempt from property taxes for 15 Years

From real estate tax (IPI), which is equal to 1% of annual tax that applies on the total amount of real estate. The taxable amount is any property above the $150,000USD