Individual - Taxes on personal incomeLast reviewed - 12 January 2023
The Dominican Republic follows a territorial concept for the determination of taxable income. Dominican-source income is subject to tax, while foreign-source income is generally not. However, residents are subject to taxation on foreign investments and financial gains. In the case of individuals who become residents, this foreign-source income is taxed only after the third year.
Personal income tax rates
Individuals pay tax on income in excess of 416,220 Dominican pesos (DOP). Personal income is taxed at the following rates (the scale is based on annual income):
|Taxable income (DOP)||Tax on column 1 (DOP)||Tax on excess (%)|
|Over (column 1)||Not over|
Local income taxes
There are no other taxes payable on income in the Dominican Republic.