I'm thinking of moving to the dominican republic and am interested in finding out what sort of taxes i would pay as a resident. And also if anybody has got any other information that they think would be helpful. I would be grateful for any help that they could give. Thank You, Heather.
- Thread starter heather doran
- Start date
What rate of income tax do residents pay?
Here is the DGII website which gives you all the info on all the taxes.
DGII - Direcci?n General de Impuestos Internos
For income tax specifically look up ISR - Impuesto Sobre la Renta
DGII - Direccion General de Impuestos Internos
This was recently amended & they have yet to update webpage. The baseline for tax-free income has risen to RD$26,334.75 per month which is a RD$2,147.84 increase over 2007. Up to RD$316,017 income per annum is tax exempt; from RD$316,017 to RD$474,024 pa is taxed at 15%; income between RD$474,024 and RD$658,367 will be taxed at RD$23,701 plus 20% of the income over RD$474,024. Income over RD$658,367 will be taxed RD$60,570, plus 25% of the amount over RD$658,367.
DGII - Direcci?n General de Impuestos Internos
For income tax specifically look up ISR - Impuesto Sobre la Renta
DGII - Direccion General de Impuestos Internos
This was recently amended & they have yet to update webpage. The baseline for tax-free income has risen to RD$26,334.75 per month which is a RD$2,147.84 increase over 2007. Up to RD$316,017 income per annum is tax exempt; from RD$316,017 to RD$474,024 pa is taxed at 15%; income between RD$474,024 and RD$658,367 will be taxed at RD$23,701 plus 20% of the income over RD$474,024. Income over RD$658,367 will be taxed RD$60,570, plus 25% of the amount over RD$658,367.
Tax Calculator
They did, however, update their 'calculator':
DGII - Direccion General de Impuestos Internos
Enter your income... and voil? you are told your tax payment.
I just wonder, whether this applies to everybody... :bunny::cheeky:
:tired:
Janin
They did, however, update their 'calculator':
DGII - Direccion General de Impuestos Internos
Enter your income... and voil? you are told your tax payment.
I just wonder, whether this applies to everybody... :bunny::cheeky:
:tired:Janin
Nothing sinister Heather,
- I don't work for them, in case you were wondering. I've lived here 15+ years, read the papers daily, write news for my own website so recalled the recently amended figures because of that. There is a lot of info on a range of Government websites which people thinking of moving here should take a look at. Then, after you've done that, come back to DR1 & ask a question to check out its accuracy and how it is applied in practice . Welcome to DR1.