NewsWhore
01-16-2007, 05:20 PM
The Department of Taxes (DGII) has announced that wages paid this month are exempt from income taxes up to RD$290,243 a year, or RD$24,186.91 per month, which is up from the 2006 exemption level of RD$23,035 per month. Anyone earning between RD$290,243 and RD$435,364 will pay 15% of the surplus of RD$290,243.01. People making RD$435,364.01 to RD$604,672 will pay RD$21,769 plus 20% on the surplus of RD$435,364.01. Wage earners of between RD$604,672.01 and RD$945,000 will pay RD$55,630 and 25% on the difference over RD$604,672.01. And people making more than RD$945,000.01 will pay 29% on the difference.
See http://www.dr1.com/news/2007/taxnews16Jan.pdf
More... (http://www.dr1.com/index.html#3)
See http://www.dr1.com/news/2007/taxnews16Jan.pdf
More... (http://www.dr1.com/index.html#3)