Quote:
Originally Posted by bryan1258
As a foreigner that generates an income from investments in the DR. Does one pay tax in the DR?
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Laws were passed by Congress & Senate MANY years ago that income from investments is to be taxed. I do not know if it is because no President has signed this law off or whether the law has never been enforced (it would upset too many of the rich,influential people in the DR) but to date interest on investments is NOT taxed by the Dominican Government.
What you notify to your own IRS (or similar) in your home country is up to you obviously but I would advise staying within their law as much as possible. Fortunately, the British Government doesn't require us to pay such taxes ............ YET!!!
gre:
~ Grahame.