The General Directorate of Internal Taxes (DGII) published yesterday two general rules that regulate the “reliable evidence” of payments in the procedures for motor vehicles and trailers and by notaries public.
This, in compliance with Law 155-17 against Money Laundering and Financing of Terrorism and Proliferation of Weapons of Mass Destruction.
These are regulations 06-2022 and 07-2022 which dictate the form of compliance with article 64 of Law 155-17 that “prohibits any person, natural or moral, from liquidating or paying, as well as accepting the liquidation or the payment of acts or operations through the use of cash, coins and bills, in national currency or any other, as well as through precious metals according to the thresholds indicated in the same legal text”.
Likewise, paragraph II of the aforementioned article 64, which provides that both “public notaries, as well as registrars, including commercial registrars, must refrain from implementing or registering any of the cash operations prohibited in that article, unless they are deliver reliable proof of the means of payment.
Law 155-17 prohibits cash payments from RD$250,000 to RD$1,000,000 in different commercial operations that have to do with real estate, vehicles, aircraft, boats, precious jewels, works of art and games of chance.
Therefore, the DGII will refrain from registering procedures with values above the thresholds unless indisputable proof of payment is presented.
He said that article 28 of Regulation 408-17 of application of Law 155-17 indicates that the payments that natural or legal persons make or accept in accordance with the established thresholds must be made through deposits in bank accounts, checks, transfers national or international.