Property Tax: In this article we are going to talk about an extremely important topic, we are talking about the Real Estate Property Tax. The IPI is the annual tax that is applied to the sum of the registered real estate assets. What does this mean? This means that the value of all your registered properties is added annually, and thatbased on this sum the amount of money you must pay annually is obtained.
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When you have already agreed on the price, the form of payment and the delivery of the property and whether or not they have signed a previous contract, or what is also known as a promise of sale contract, you must sign the final sale contract or what is the same the sale contract.
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¿Buying a property in the Dominican Republic? Confotur Law is for you. If you want to buy a property in the Dominican Republic and it is located in the mountains, beach or it is a tourist infrastructure such as a golf course, aquarium, etc. There is a law that exempts these properties from the payment of some taxes, it is called Law No. 158-01 or Law for the Promotion of Tourism Development for poles with little development and new poles in provinces and localities of great potential.
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