NewsWhore
06-23-2009, 03:20 PM
President Leonel Fernandez has published Law 179-09 that allows parents to make their unemployed children's school tuition tax deductible. The law permits deductions for grade school and university studies.
It requires the tuition to be documented with Tax Department (DGII) authorization numbers (NCF) by the educational institution and should be no more than 10% of the total income subject to taxation.
Furthermore, the law establishes that when employers support employees with tuition payments to their dependents, these will not be subject to complementary taxation when they are granted to employees within the non-taxable bracket.
More... (http://www.dr1.com/index.html#1)
It requires the tuition to be documented with Tax Department (DGII) authorization numbers (NCF) by the educational institution and should be no more than 10% of the total income subject to taxation.
Furthermore, the law establishes that when employers support employees with tuition payments to their dependents, these will not be subject to complementary taxation when they are granted to employees within the non-taxable bracket.
More... (http://www.dr1.com/index.html#1)