By the way, did you buy any car the same way (with your passport)? Your RNC number should be in the matricula then.
- Thread starter chicagoan14
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Proposed bill to charge taxes on items through courier at a value below 200 dollars.
Just "Pay Your Fair Share" - this slogan is repeated by those who believe they know how to spend your money better than you, in the guise that they will help society.
Many countries are collapsing under excess taxation.
Many countries are collapsing under excess taxation.
True on all points. When I was a kid, we went to all the Canary islands and other locations nearby frequently. The climate is indeed not as warm as in the DR, but it's within the EU. It has also been discussed many times that there are indeed even much better retirement options and part-time living options than the DR on many points. However, the DR is the home country of my dear other half and despite of all the negative, it is our second home and I know principally my wife will never have any interest in visiting other warmer countries. I obviously fully respect that, as she has never had a clear desire to even leave from the DR, we're in EU mainly because work and study. Even I want to retire in the DR.
if thats true , then i like that alot. you dont pay more as the value increases.in canada lots of old people where i lived had to sell their homes as the property taxes went crazy.
thanks. la sirena in puerto plata i think has this but i wanted my own grinder as it works better and easier to turn maybe
You are supposed to revalue your house periodically. There is an amnesty coming up in the next few weeks, where they allow you to revalue, so you'll pay the higher IPI but you won't pay the capital gains when you sell.
My biggest gripe about Amazon Fresh is the drivers use brown paper bags. They don't travel well.
I will let you know soon as this was the first time. Hopefully delivery Monday or Tuesday.
I would have liked to have ordered sugar free jelly/jam/preserves, but was concerned on the packaging and breakage. I did notice you can add comments to your order, so perhaps that's where you direct them. I also tipped extra.
For example, my apartment's cadastral value is revalued automatically every year, DGII do it, not me. I don't have any option to do that. It was valued in their system even before I bought it from the Constructora. And when I bought it, I had the real price in the contract, but they don't care about it at all, they have their value in their system.
If I have the contract saying what I paid for it when I bought it (in USD) and then I sell it, let's say, few years after for the same price in USD, so I have the proof (contracts and bank transfers) that I bought it and sold it for the same price. Meanwhile, cadastral value in pesos in DGII system raised about 50% during the time I owned it, so what? It's them who put it there, not me, and it has nothing to do with the real price and with capital gains.
May I ask where this info is coming from and what is the supposed starting date and duration of that amnesty? And is that the same type of an amnesty when they can remove the penalties on the taxes you own, or another one? As I understand, every time DGII have an amnesty, it must be approved by the Senate first, and that bill says what exactly that amnesty applies for. So what about the upcoming one? I hope you don't mind to share the info you have. Thanks.
@MariaRubia according to the DGII community helpdesk, there's isn't a planned amnesty for this Q4 2024.
@Glenn Burke is in the works as a proposal from the Executive, but as you mention, needs to be approved by the Congress first
La reforma fiscal incluirá una amnistía y una tasa más baja
En el caso de la renta, el porcentaje sería menor del actual 25% y más abarcador. En el caso de la nueva administración tributaria, se pretende unificar operaciones de Aduanas e Impuestos Internos, mediante fiscalizaciones conjuntas entre la DGII y la DGA para mejorar la coordinación y reducir...
While that would be zero capital gains for the IRS, the only official contract here here the one in Spanish. Many times, the purchase price in the Spanish contract is much less that in the English contract.
Whereas most foreigners move out of the country when they sell, what about those who either buy another property here or own another property here? If the sale price in pesos in the Spanish contract is more than what was paid, could DGII put a tax lien on a new or other properties owned if the capital gains tax isn't paid?
Did I say something about contracts in English? Who makes contract in English in DR? Of course the contract is in Spanish, but the price can be in USD in that contract. All the properties I have bought or sold, all contracts had the price in USD. The same as the payments were made in USD by transfer from USD account to USD account, or by cheque administrativo in USD.
I would never do two contracts, one with a lower price for paying less transfer tax, it's pure stupidity to do that, it makes the whole sale illegal, if something goes wrong, you loses your property or your money or both.
I just pointed out that (at least for apartments) DGII has their own value in their system that does not come from the contract of sale. And they adjust it every year the way they want it. It's the same how they have their value for any vehicle of any year in their database. If you put a lower price in the contract of sale of the vehicle, they will charge transfer tax based on their value. If you put higher price in the contract than their value, they charge transfer tax based on the price in your contract.
I know a lot of people and several lawyers who have done that. It was almost standard to have a contract in Spanish with a price in pesos and a contract in English with the price in USD. Eighteen years here and I don't know of anyone who has ever had a problem.
The question still remains though. If you sell if for more than you bought it for in USD, if you don't pay the capital gains here, could they put a tax lien on any other properties you have here?
I don't use lawyers for real estate transactions (except notaries). I do all paperwork myself, I do all payments myself. I don't know what was almost standard between expats and who was making contracts in English. Maybe Chinese make contracts between them in Chinese, I have no idea. I have never bought something with a foreign passport either, I am a citizen here, but I have bought something from foreigners who were not residents so I know all the stuff with RNC assigned by DGII to foreigners who don't have cedula, I had to check that a few times when a seller was a foreigner without cedula.
That's a good question. If they decide that you own them some tax money, they put it in your Deudas Pendientes and if you don't pay on time, they add some penalties on that amount every few months. What happens if you still don't pay and accumulate even bigger debt with penalties? That depends on the type of tax you own. If that's IPI tax, they just wait until you pay while more and more penalties are accumulated, and once in a while there's an amnestia to remove the penalties. Regarding Capital Gain tax, I have no idea what happens next if it's not paid. Maybe somebody who has that experience can post here.
I wanted to try out Walmarts new service, but when I got to end the majority of the items were sourced from stores and delivered in bags while the others were shipped similar to amazon. Would be a game changer if I can order a box of groceries.
So it was a bit faster than I thought. I got the stuff today. It's expensive but for the few things I can't get here, it's worth it to me.
Again this was the first, so it appears that they just took the Publix shopping bag and placed it into a shipping bag. That's fine for sugar free pudding mixes in boxes, but not for glass. When I'm ready to buy sugar free jams and jellies next month, I'll post an update. But this went well.
My lawyer told me. And trust me he would know he is from one of those families.