AGRI-Invest Country Profiles

Agri Investment Forum & Expo, 2022

DOMINICA

INCENTIVES/CONCESSIONS FOR THE AGRICULTURAL SECTOR:

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(a) Repatriation of profits;

The Fiscal Incentives Act, Chapter 84:51, allows for the granting of a tax holiday of up to fifteen (15) years, and waiver of import duty (plant, machinery, equipment, spare parts, building materials, raw and packaging materials, and others as appropriate) for the manufacture, assembling, agro-processing and services by approved enterprises. Companies registered under the International Business Companies, Act No 10 of 1996 are exempt from the payment of taxes, duties, and similar charges for a period of twenty (20) years from the date of incorporation.

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Foreign investors are allowed to repatriate 100% of profits. (b) Withholding tax exemptions are allowed through the Income Tax Act, Chapter 67.01. Approved projects are allowed exemptions from payment of withholding taxes on dividends, interest payments, and other relevant external payments.

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For further information, please visit our website: www.agriculture.gov.dm, www.investdominica.com

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