Caribbean Islands » Taxes

Corporate Income Tax

The income tax system seeks to tax corporate earnings only once, at the corporate level. However, a 25% tax is imposed on the corporation on distributions.

VAT

A value-added tax (VAT) is recently introduced at 15% replacing the old sales taxes.

Property Tax

If you purchase a residential property and it is worth RD$5 Million Pesos or less (about US$150,000) then you pay ZERO annual real estate taxes. If the home is worth more than that amount, you pay 1% (one percent) of the value over and above RD$5 Million Pesos (over and above US$150,000).