- Thread starter SteveK
- Start date
TAX Proposals
Start reading DR1 newsletters. A subscription wound be even better.
Property taxes have been in existence for years, private ownership or company owned are both subject to the tax, (whether people pay them or not is another story). It's called IPI (Impuesto al Patrimonio Inmobiliario), privately owned property tax is calculated on the province you live in, size of land/lot and SQ M2 of construction. I believe that somehow company owned properties are calculated based on revenue and a percentage is paid.
The tax is paid yearly in two quotas, March & again in September, deadline is the 11th of each month.
On a bright note, if you're over 65 yrs of age and personally own your property you are exempt from this..
The tax is paid yearly in two quotas, March & again in September, deadline is the 11th of each month.
On a bright note, if you're over 65 yrs of age and personally own your property you are exempt from this..
It's on properties valued over 5 million pesos, which probably covers anything that a gringo would own.
As today,all what we read, hear and see about those tax proposals still doesn't become into ley. it's all a plan from the gov. Given the entire resistance of all class of society against the tax plans,we have to wait what in the end will be enter into ley. So take a breath and calm down.
Believe NOTHING of what you hear, and HALF of what you see in the DR...........
I realized that you were bring sarcastic, but waited to see if anyone else would comment.
The new proposal quotes 5 million as the future threshold. Currently your property needs to have an assessed value of over 9 million + pesos. Some 150,000 dollars.