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Go Back   DR1 Dominican Republic Forums > Message Archives > 1999 Archive

 
 
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  #1  
Old 08-29-1999, 07:44 PM
trdrirw
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Default TAX INFO!!! HELP PLEASE

I ASKED THIS QUESTION IN ANOTHER POST BUT NOT GETTING THE ANSWER I AM LOOKING FOR,, IF I LIVED IN THE DOMINICAN REPUBLICAN AND I OPEN A BUSINESS.

DO I HAVE TO PAY INCOME TAXES FROM THE PROFITS OF THIS BUSINESS?? OR IF I FORM A CORPORATION DOES THE CORPORATION HAVE TO PAY TAXES??? THE BUSINES WOULD BE GAMING RELATED??

THANKS FOR THE HELP!!!!
  #2  
Old 08-30-1999, 08:01 AM
Fabio J. Guzman
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Default Re: TAX INFO!!! HELP PLEASE

Yes, there are income taxes in the Dominican Republic. The corporate tax rate is flat rate of 25% on net income. The personal tax rate varies from 15% to 25%. Personal income above $10,000 (approx.) is taxed at 25%.
 

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