I have a peso account with Banco Popular, which doesn't often have much in it - it goes up and down from around 0 to RD$20,000. I get a tiny weeny bit of interest very occasionally.
Today I have checked my statement online and the DGII have taken out their 10%. They just took out 0.02 RD$ in tax! I thought the new tax started at the beginning of the year, not that the first collection would be made on the first minute of the new year and that it only applied to savings over a larger amount than my paltry average balance.
Those of you a tad richer than me - it might be worth checking.
Matilda
Today I have checked my statement online and the DGII have taken out their 10%. They just took out 0.02 RD$ in tax! I thought the new tax started at the beginning of the year, not that the first collection would be made on the first minute of the new year and that it only applied to savings over a larger amount than my paltry average balance.
Those of you a tad richer than me - it might be worth checking.
Matilda