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  1. #1
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    Default Net Wealth Taxes (Impuesto al activo)

    Can anyone explain how the above mention works? Does this mean that all property owners have to pay this tax in addition to the annual property taxes? I read it's about one percent paid twice a year (in June and in December). Is this correct? Whatever help provided in answering my questions is appreciated.

  2. #2
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    If you mean IPI/IVSS it is paid by 11th. March & 11th. September each year. It is called Impuesto Sobre la Propiedad Inmobiliaria IPI/IVSS & applies on properties valued above RD$5 million. There are quite a few threads in Legal & Living Forums if you'd like to do a search (search either IPI/IVSS or Luxury property tax). Details of what it is, how it works etc here:
    http://www.dgii.gov.do/dgii/impuestos/Paginas/ivss.aspx
    And there's also a downloadable file here (number 1 on the list):
    http://www.dgii.gov.do/publicaciones...ribuyente.aspx

  3. #3
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    Quote Originally Posted by lepeter1 View Post
    Can anyone explain how the above mention works? Does this mean that all property owners have to pay this tax in addition to the annual property taxes? I read it's about one percent paid twice a year (in June and in December). Is this correct? Whatever help provided in answering my questions is appreciated.

    You may be referring to a Assets tax, which is paid by companies, once per year, one percent of total assets, it is a minimum tax, and the tax amount paid for assets is deductible from the annual income tax due by corporation to the tax revenue office (DGII).

  4. #4
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    Thanks Lambada y Rubio... Your answers were quite helpful and informative.

    Larry

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