Question for SR Guzman on Closed Proposed Asset Tax Thread

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XTraveller

Well-known member
Aug 21, 2010
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290
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Sr. Guzman,

This Proposed Asset Tax is on DR taxable income.

So what is consider DR taxable income?

1.Pension income from an other country transfer to your DR Bank ? Which I think is usual taxes in the Country of origin.

2.Investment income from a foreign country send to your DR bank account.

If 1 or 2 is consider DR taxable income,What about Countries that have a tax agreement with the DR, for example Canada. (Taxes paid on taxable income in Canada should not be tax a second time in the DR, I think this is the principle of a tax agreement)

I am not a tax expert so Please leave us your comments

Thank you,

XTraveller
 
F

Fabio J. Guzman

DR1 Expert
Jan 1, 2002
2,359
252
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www.drlawyer.com
Pension income from another country is NOT considered for DR taxation.

Investment income from a foreign country could be taxable after you have been a resident for three years. The DR tax authorities, however, have never enforced this rule. Besides, if, as a Canadian, you've paid your taxes on this income in Canada, you should not be liable in the DR.]'
 
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