Dominican Republic
Individual - Sample personal income tax calculation
Last reviewed - 07 July 2020
Assumptions
- Tax year 2015.
- Husband, wife, and two children.
- 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 |
399,923.00 |
| Pension fund |
52,231.70 |
| AFP |
27,662.78 |
| Christmas bonus (maximum) |
75,000.00 |
| Total deductions |
554,817.48 |
| |
|
| Taxable income |
510,182.52 |
| |
|
| Income tax (1, 2) |
95,885.18 |
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 |
399,923 |
399,923.00 |
0 |
0 |
| 399,923 |
599,884 |
199,961.00 |
15 |
29,994.15 |
| 599,884 |
833,171 |
233,287.00 |
20 |
46,657.40 |
| 833,171 |
and above |
76,934.52 |
25 |
19,233.63 |
| Total |
95,885.18 |
