Dominican Republic
Income is taxed at progressive rates up to 25%; capital gains are taxed as part of income. Inheritance tax is charged at 3%, but there is a surcharge for transfers to non-residents that increases the tax rate to 4½%.
Corporation tax is charged at 25%. Local company law does not make provision for IBCs.
Sales taxes apply to many goods and services, with the most common rate of tax being 16%.
The Dominican Republic does not have any Alien Landholder’s Licence. Stamp duty and associated property transfer taxes are charged on any buyer of real estate at an effective rate of 6.3%.
The Dominican Republic has only one tax treaty – with Canada.
