Dominica betrays investors and abolishes 20 years tax exemption

Under the pressure of the OCED and the EU: Dominica abolishes the previously granted 20 years tax exemption to all IBCs. Taxation rate will now be 30% of worldwide profits starting on the 1st January 2022.

Full legal reference: International Business Companies (Amendment) Act, 2019, ACT 2 of 2019 Business Companies (Amendment) Act 2019.pdf