Education tax break

[NewsWhore]

The Department of Taxes is setting rules and procedures for the application of the new tax deductions being applied to education fees. The new rules published today enable companies to deduct education payments made to employees without having to pay tax, as has been the case up till now. The payments will not be subject to severance payments, making them an attractive way for companies to increase employee remuneration. A wide range of tuition is valid for the scheme, from pre-school, to technical school, short courses, and university courses. Individuals may also deduct the exemption from their advance payments on taxes.
See www.dgii.gov.do (http://www.dgii.gov.do)

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