Government debt and tax relief measures announced in Dominican Republic and Chile

In the Dominican Republic, the Comité Institucional Codiano (CIC) has issued formal communications to ten public institutions demanding information regarding unpaid state debts to contractors. Under Law No. 16-26, the CIC is seeking to resolve 92 pending files, some of which have remained unresolved for over six years. The delay in documentation from entities such as the Ministry of Public Works and Communications (MOPC), the Ministry of Housing and Buildings (MIVED), and the Ministry of Education (MINERD) is currently blocking the verification and validation process required for payment.

In Chile, the General Treasury of the Republic has announced new payment agreements for debtors of the State-Guaranteed Credit (CAE), micro, small, and medium-sized enterprises (MSMEs), and individuals with outstanding tax obligations. Following the publication of the National Reconstruction and Economic and Social Development Law, debtors can access interest and fine waivers. For MSMEs and individuals, cash payments allow for a 100% waiver of interest and 80% of fines, while installment plans allow for up to 48 monthly payments with a 95% interest reduction. CAE debtors may also restructure their obligations into a maximum of 48 installments.