Employees who were earning RD$20,000 in January will be returned income taxes paid to the government on their wages. The Department of Taxation (DGII) reported that, for instance, an employee making RD$20,000 could obtain RD$4,784.67 in cash. The newly approved tax reform establishes that all wages up to RD$20,000 are exempt from income taxation. El Caribe newspaper explains that a worker earning RD$43,000 will see cash back of RD$6,180.75. By the previous system, the exemption was only extended to salaries of up to RD$16,500.<\/p>\n
As the scale works, those earning more than RD$20,000 but less than RD$30,000 will pay 15% on the difference. Those making more than RD$30,000 but less than RD$41,666 will pay 20% on the difference. Those who earn more than RD$41,667 will pay 25% on the difference.<\/p>\n","protected":false},"excerpt":{"rendered":"
Employees who were earning RD$20,000 in January will be returned income taxes paid to the government on their wages. The Department of Taxation (DGII) reported that, for instance, an employee making RD$20,000 could obtain RD$4,784.67 in cash. The newly approved tax reform establishes that all wages up to RD$20,000 are exempt from income taxation. El … <\/p>\n