New income tax in the Dominican Republic
Santo Domingo.- The Internal Taxes Agency (DGII) on Thursday announced the adjustment for inflation to pay the income tax (ISR) by workers this year, which exempts monthly salaries of up to RD$34,106 (US$757.70).
The DGII listed the new salary ranges to charge income tax, starting with RD$409,281 annual income which is exempt; and a 15% rate from RD$409,281.01 to RD$613,921.00.
Annual income from RD$613,921.01 to RD $ 852,667.0 will pay RD$30,696.00 plus 20% of the amount over RD$613,921.01, while the income of RD$852,667.01 onwards will pay RD$78,446.00 plus 25% of the amount over RD$852,661.01.
Jan 8, 2016
Category: DR News |