The Dominican Tax Agency (DGII) published Resolution 2022-00001 with the updated progressive tax rates and thresholds for payments of taxes.
The multiplier for inflation adjustment for the fiscal year that ended 31 December 2021 is 1.0850.
The exchange rates to be used for the treatment of exchange difference are:
RD$/US$: 57.1413
RD$/EUR$: 64.7780
Income is tax-exempt up to RD$416,220. There is a 15% tax on the difference for those making RD$416,221 to RD$624,329; 20% for those making between RD$624,329 and RD$867,123, and 25% for those making over RD$867,123.
The exempted amount of real estate assets belonging to individuals in effect for the year 2022 is RD$8,829,763.
The resolution also includes the Table of Multipliers for the Years 1980-2021, which will serve as the basis for determining the inflation adjustment of capital assets. Also published is the table to be used to adjust inflation of the amounts expressed in RD$.
The tax rates are effective from 1 January to 31 December 2022.
Read more in Spanish:
DGII
3 February 2022