Who’s paying taxes?

[Dolores]

The Dominican Republic’s 2024 tax revenue shows strong growth, driven by the sales tax and gold taxes. The tax agency, DGII reports robust tax collection figures for 2024, with a total of RD$846.46 billion, representing a 10.5% increase compared to the previous year.

The DGII explains the strong tax revenue performance is a result of the increased economic activity in general. The sales tax (ITBIS) increase reflected the 12.1% rise in total transactions and a 10.1% increase in taxable transactions.

The local sales tax (the ITBIS), mostly at 18%, generated the most of the taxes, or 24.6% of the total tax revenue – RD$207.94 billion, a 10.3% increase over 2023.

The DGII numbers show that the mining sector contributed RD$12.94 billion, up from RD$4.33 billion in 2023. The growth is attributed to higher gold prices and the expiration of tax credit compensations.

Personal income tax...

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[RDKNIGHT]

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the rich get richer as the streets of Punta Cana turn to

 

[El Hijo de Manolo]

ITBIS is the biggest scam perpetrated on the Dominican people in the history of mankind.

 

[Peterj]

the rich get richer as the streets of Punta Cana turn to

The rich can afford a brand new SUV every year and new "off road" tires every 3 months so they don't care about the condition of the roads....

 

[Manuel01]

The rich can afford a brand new SUV every year and new "off road" tires every 3 months so they don't care about the condition of the roads....

"The Rich" are actually the ones that pay the most of the taxes without using to much Government services. They all have private Insurance and send their kids to private schools etc etc. The "Poor" are the real suckers in this Country, !, each one having 10 kids and and want everything for free but still complaining all the time. The only reason why no government is fighting this is that these are the voters they need so much.

 

[El Hijo de Manolo]

"The Rich" are actually the ones that pay the most of the taxes without using to much Government services. They all have private Insurance and send their kids to private schools etc etc. The "Poor" are the real suckers in this Country, !, each one having 10 kids and and want everything for free but still complaining all the time. The only reason why no government is fighting this is that these are the voters they need so much.

You sound like someone who has never run a business nor understands how government works. JD will give a thumbs up to someone getting a prostate exam as well. It's time to wake up instead of navigating life asleep at the wheel.

 

[josh2203]

You sound like someone who has never run a business nor understands how government works.

As I happen to believe that's exactly how a govt works, please enlighten me what was incorrect with Manuel01's post? Back in my home country as well, the "poor" if you will, are the ones most dependent on govt, worst case scenario collecting unemployment benefits. They also have the lowest income tax rates. The "rich" if you will, on the other hand, do not collect any benefits and have much higher income tax rates. Just like in the DR, the "poor" usually goes to the public healthcare whereas "rich" use more private services. Private schools as such are not a thing as they are in the DR, but they do still exist.

Now, please let me know where did I go wrong or did I miss something?

 

[Big]

ahh what are the "rich"? Do you mean people that are gainfully employed and make sacrifices to get ahead?

 

[bob saunders]

Well, it is true that the rich, or the people with larger incomes pay more income taxes, in any country with a VAT the poor pay proportionality more of their income percentage wise in taxes. It really depends on what perspective you use.

 

[josh2203]

ahh what are the "rich"? Do you mean people that are gainfully employed and make sacrifices to get ahead?

To clarify, I only used those terms, and in quotation marks, as someone else referred to people with those terms, but indeed I used quotation marks as the terms don't really even match. By rich I was only referring to people who are bit more well off, not just in the DR, but could be in my country as well. It's a fact that due to progressive taxing, people with higher income there are taxed much more heavily there, but in particular in terms of health care services, they tend to use public services less. School is the same for everyone As the poster who was commented above said that usually the rich pay for govt services that the poor use, my point was that in the sense that the other poster wrote, that is exactly something that a govt takes care of, so equalizing income. The lowest income tax % in my country is around 5 %, the highest more than 40 %. So a doctor or something earning close to 10k EUR per month is only paid around half of that after taxes, the rest goes, among other things obviously, to the public education and health care system. I realize what I write here is obvious, but that's how the system works.

 

[El Hijo de Manolo]

To clarify, I only used those terms, and in quotation marks, as someone else referred to people with those terms, but indeed I used quotation marks as the terms don't really even match. By rich I was only referring to people who are bit more well off, not just in the DR, but could be in my country as well. It's a fact that due to progressive taxing, people with higher income there are taxed much more heavily there, but in particular in terms of health care services, they tend to use public services less. School is the same for everyone As the poster who was commented above said that usually the rich pay for govt services that the poor use, my point was that in the sense that the other poster wrote, that is exactly something that a govt takes care of, so equalizing income. The lowest income tax % in my country is around 5 %, the highest more than 40 %. So a doctor or something earning close to 10k EUR per month is only paid around half of that after taxes, the rest goes, among other things obviously, to the public education and health care system. I realize what I write here is obvious, but that's how the system works.

What would Larry do

 

[CristoRey]

So a doctor or something earning close to 10k EUR per month is only paid around half of that after taxes, the rest goes, among other things obviously, to the public education and health care system. I realize what I write here is obvious, but that's how the system works.

Both of which tend to be very corrupt in most countries.

 

[Big]

To clarify, I only used those terms, and in quotation marks, as someone else referred to people with those terms, but indeed I used quotation marks as the terms don't really even match. By rich I was only referring to people who are bit more well off, not just in the DR, but could be in my country as well. It's a fact that due to progressive taxing, people with higher income there are taxed much more heavily there, but in particular in terms of health care services, they tend to use public services less. School is the same for everyone As the poster who was commented above said that usually the rich pay for govt services that the poor use, my point was that in the sense that the other poster wrote, that is exactly something that a govt takes care of, so equalizing income. The lowest income tax % in my country is around 5 %, the highest more than 40 %. So a doctor or something earning close to 10k EUR per month is only paid around half of that after taxes, the rest goes, among other things obviously, to the public education and health care system. I realize what I write here is obvious, but that's how the system works.

well, I don't want to complicate this formula but the number of Dominican households making 150 thousand U.S is countless. I realize 150 thousand household income does not make one very middle class in other countries but here it does, and they pay mucho taxes and they are not "rich". So, without defining "rich" it is difficult to say.

 

[El Hijo de Manolo]

The Dominican elite class set up the insane ITBIS scam tax to keep the poor poor. They gladly participate in the corrupt tax gouging model with businesses and other wealthy individuals to make living well unattainable for 85%.

"The chances that you will wake up are in direct proportion to the amount of truth you can take without running away". -- Anthony de Mello

 

[RDKNIGHT]

Well, it is true that the rich, or the people with larger incomes pay more income taxes, in any country with a VAT the poor pay proportionality more of their income percentage wise in taxes. It really depends on what perspective you use.

after musk and the Don aka doge are done cleaning up USA they are heading this way ...

 

[bob saunders]

The Dominican elite class set up the insane ITBIS scam tax to keep the poor poor. They gladly participate in the corrupt tax gouging model with businesses and other wealthy individuals to make living well unattainable for 85%.

"The chances that you will wake up are in direct proportion to the amount of truth you can take without running away". -- Anthony de Mello

What do you call living well? I know plenty of Dominicans that live well, and they aren't in the top 25 percent.

 

[MiamiDRGuy]

if I was president, I would either cut ITBIS in half or either eliminate it once for all.