Only on income from financial sources, not on any other type of income, and this only after the 3rd year of residency.Sounds like you need to file a U.S return for that income. In terms of the DR, they do have a tax on worldwide income if you reside in the country for more than 183 days.
Mr. Guzman,Only on income from financial sources, not on any other type of income, and this only after the 3rd year of residency.
Thanks Expat. So if he only owns a small share of the Dominican Corp. and his other relatives hold the majority of shares the wife will only get half of his shares? That will deprive her of the home and she will be left with very little. Looks like a slick way to avoid Dominican inheritance laws. I know the family was very upset with the marriage and their possible loss of his assets to the new wife. He tries to reassure her with promises but she has never even seen a single scrap of paper or the will he tells her gives her everything. Sad circumstance.I have an acquaintance who is married to a Dominicana. He placed their residence in a DR corporation. This guy is a real tigre. I am suspicious that his corporation is formed to keep their house out of his wife's hands when he dies. Does the fact that the house is owned by his corporation, of which she has no part, keep her from inheriting the house upon his death?