The Direccion General de Impuestos Internos, the local income tax department, announced the application of a rule that establishes that companies and business owners with income of less than RD$6 million a year need to pay a monthly tax on income generated in the DR. Companies or business people making RD$0 to RD$2 million a year will have to pay a 0.75% tax on their income. Those making RD$2 million to RD$4 million, need to pay 1%. Those making RD$4 million to RD$6 million, need to pay 1.12%. Companies with income over RD$6 million must pay a 1.5% monthly tax. This is to be known as the Regimen de Estimacion Simple, and must be paid every three months. The same companies pay the ITBIS every month as well.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Direccion General de Impuestos Internos, the local income tax department, announced the application of a rule that establishes that companies and business owners with income of less than RD$6 million a year need to pay a monthly tax on income generated in the DR. Companies or business people making RD$0 to RD$2 million a … <\/p>\n