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  1. #1
    Moderator - Ladies Only & North West
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    Default Check your bank statements today

    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

  2. #2
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    Very odd, an account with 64k RD also had the same exact charge with banco popular, .20 por RETENCION DGII .

  3. #3
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    Actually it started two months ago.

    Bob K

  4. #4
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    Quote Originally Posted by sayanora View Post
    Very odd, an account with 64k RD also had the same exact charge with banco popular, .20 por RETENCION DGII .
    Mine was 2 RD$ not 20RD$ and a friend has 14RD$, so it obviously varies.

    Matilda

  5. #5
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    My account with 1800 US had .06 cents taken
    http://click.infospace.com/ClickHand...EE7E34C5673781

  6. #6
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    Sounds like they are taking 10% of the interest per month, but since cash accounts barely pay any interest anymore anywhere in the world, it is kind of a Pyrrhic Victory-LOL-

  7. #7
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    Quote Originally Posted by jimmythegreek View Post
    Sounds like they are taking 10% of the interest per month, but since cash accounts barely pay any interest anymore anywhere in the world, it is kind of a Pyrrhic Victory-LOL-
    Exactly. I received 0.62 cents interest on approx 1800 $us and DGII took 10% - 0.06 cents.
    Dirty ratfink commie Bast--ds

  8. #8
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    THat is correct they are taking 10% of the interest only. So for my US account last month it was 9 cents and my peso account 11 pesos. Hardly worth the effort

    Bob K

  9. #9
    Moderator - Ladies Only & North West
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    But what about the supposed limit? That the tax would only apply to interest earnings above whatever it was? Maybe they will give it all back at the end of the year if your interest was less?!

    Matilda

  10. #10
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    Hell they could tax at 100% the interest and it still would not amount to much. However, if interest rates were ever to return to more normal levels, then I guess the gvt. would be collecting a lot of money.

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