The Director of Internal Revenue, Juan Hern?ndez, announced yesterday that this year the maximum salary level for exemption from income tax will be raised from RD$90,720 to RD$97,800 (equivalent to RD$8,150 monthly). Under Article 327 of the Law 11-92 (Tax Code), the Directorate-General of Internal Revenue (DGII) each year can raise the exemption threshold to keep it in line with inflation. The measure will become effective once the Central Bank officially confirms for DGII that the DR’s inflation rate for 1998 was indeed as 7.8%, as initial calculations suggest.
