Income Tax Reporting for Workers
The Income Tax reporting (withholdings for salaried employees) applies to salaried workers who work in public or private companies. Employers must deduct the tax from their income if it exceeds the exempt amount established in Art. 296 of the Dominican Republic Labor Code. This tax must be applied to the net salary earned during the […]
What does a Fiscal or Tax Amnesty Law entail?
The new Fiscal Amnesty Law 2023 is a bill that could bring benefits and facilities for taxpayers in the Dominican Republic. It includes a special transitional treatment for tax debts prior to 2015, as well as an abbreviated audit procedure. It also aims to offer payment facilities for tax debts after 2016. Additionally, an amnesty […]
What are the Requirements and Processes to Comply with Fiscal Standards and Regulations in the Dominican Republic?
Complying with fiscal standards and regulations is essential for the proper functioning of businesses and taxpayers. This includes meeting requirements such as registration and obtaining necessary licenses, as well as fulfilling corresponding tax obligations. Regulations in the Dominican Republic The Dominican Republic’s tax system is comprised of various laws and regulations that outline the procedures […]
Annual Affidavit of Income Tax
What is the percentage of income tax payable? In the Dominican Republic, the income tax rate payable by legal entities is 27%. Individuals have three progressive scales of 15% , 20% and 25% and shall pay on the net taxable income of the fiscal year. According to the following scale from 2017 to date: Annual […]
