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Dominican Republic12 Jun

Dominican Republic Plans Tax Hikes Over Oil Costs

Dominican government plans $800M annual tax increases to offset oil price surge from Iran war.

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1 verified

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Dominican Republic

Updated

Friday, 12 June 2026 at 00:00 UTC

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Synthesis · 1 sources

The Dominican Republic announced plans to raise or introduce new taxes to generate $800 million annually, offsetting rising oil prices attributed to the Iran war. The government cited the surge in fuel costs as straining public finances. The specific taxes have not yet been detailed but are expected to be presented to Congress soon.

e/eineurope · topic · T-71677cycle Friday, 12 June 2026 at 00:00 UTC · first reported 11 Jun