HOW MUCH ARE SMALL BUSINESS TAXED IN SANTO DOM?

Can anyone give any info about taxes in the dominican republic? business taxes, sales taxes,income taxes if any?

thank you very much. Rafael castro

Re: HOW MUCH ARE SMALL BUSINESS TAXED IN SANTO DOM

You could try sending an e-mail to DG2 address Homepage. They are the governmental tax authority in the DR.

Re: HOW MUCH ARE SMALL BUSINESS TAXED IN SANTO DOM

Income tax for individuals: Income below RD$97,800.00 pesos per annum is exempt from income tax; from RD$97,800.01 to RD$162,966.00 pesos, the tax rate is 15%; from RD$162.966.01 to RD$244,488.00 pesos, increases to 20%; above RD$244,488.01 pesos pays 25%. These tax brackets are adjusted for inflation every year in January.

Income tax for corporations: flat tax of 25% of net income. There is no double taxation on dividends received by shareholders.

Sales Tax: 8%.

The Dominican Tax Code, enacted in 1992, is a simple and straightforward legal instrument from which some First World countries could learn.