Almost every American state & the US Federal Government impose an 'estate tax'. The estate tax is the tax imposed on the assets existing at the death of a person, payable to the Gov't before her heirs can take valid legal title to the assets.
* It varies greatly from state to state. The present Federal minmum is US $2,000,000. ie unless the deceased leaves a gross estate of more than US $2,000,000., there is no Federal estate tax payable. It gets more complex.
* My question: is there an estate tax in the DR? In outline form, what are its terms. Thank you.
* It varies greatly from state to state. The present Federal minmum is US $2,000,000. ie unless the deceased leaves a gross estate of more than US $2,000,000., there is no Federal estate tax payable. It gets more complex.
* My question: is there an estate tax in the DR? In outline form, what are its terms. Thank you.