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PeruDavis Polk


 
ChileDiaz Reus

The U.S.-Chile Tax Treaty (the "Treaty"), which is currently in force, introduces significant tax benefits for Chilean residents conducting business in the United States. Among its most advantageous provisions are Articles 7 and 14, which establish clear rules for the taxation of business profits an...
 
Peru


 
 
Dominican Republic

Ulises Cabrera - On April 29, 2025, the Comité Nacional de Salarios (CNS) of the Dominican Republic announced the approval of a 25% increase in the minimum wage applicable to workers in the free zone sector (zonas francas). This adjustment will be implemented in two phases, as follows: Phase One: Effective June 1, 2025, the minimum wage will increase by 13%, bringing the new minimum monthly wage to RD$18,871.00. Phase Two: Effective June 1, 2026, the wage will increase by an additional 12%, raising the minimum monthly wage to RD$20,875.00. It is worth noting that the current minimum wage in the sector has remained at RD$16,70...
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