Dominican Republic
Individual - Sample personal income tax calculation
Last reviewed - 04 December 2023
Assumptions
- Tax year 2021.
- Husband, wife, and two children.
- Christmas bonus is not subject to tax.
- One spouse earned all the income.
Tax computation
|
(DOP) |
| Income: |
|
| Salary |
900,000.00 |
| Interest (other than non-taxable interest) |
90,000.00 |
| Christmas bonus |
75,000.00 |
| Total gross income |
1,065,000.00 |
|
|
| Less: |
|
| Personal standard deduction |
416,220.00 |
| Pension fund |
52,231.70 |
| AFP |
27,662.78 |
| Christmas bonus (maximum) |
75,000.00 |
| Total deductions |
571,114.48 |
| |
|
| Taxable income |
493,885.52 |
| |
|
| Income tax (1, 2) |
11,649.83 |
Notes
- This calculation would be different if the employee were to deduct educational expenses.
- Tax is determined as follows:
| Taxable income (DOP) |
Amount subject to tax (DOP) |
Tax rate (%) |
Total tax (DOP) |
| Over |
Not over |
| 0 |
416,220.00 |
416,220.00 |
0 |
0 |
| 416,220.01 |
624,329.00 |
77,665.52 |
15 |
11,649.83 |
| 624,329.01 |
867,123.00 |
0 |
20 |
0 |
| 867,123.01 |
and above |
0 |
25 |
0 |
| Total |
11,649.83 |
