Reinstatement of Corporations and Private Interest Foundations

If the taxpayer allows more than three (3) years to elapse without making the payment of the annual corporate taxes owed by the corporation or private interest foundation, the General Directorate of Revenues requests an injunction by which the Public Registry is instructed that it will become struck-off. To lift this injunction, it will be necessary to pay all the outstanding corporate taxes, surcharges, and fines, as well as a reinstatement fine of US$1,000.

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