Santo Domingo.- The monthly salaries up to RD$33,326.00 (US$850.0) will no pay Income Tax (ISR), according to the Internal Taxes Agency’s (DGII) Income Table on the adjustment for annual inflation. The measure retroactive to January 1 will mean extra money for workers, since the Income Tax will now be levied on those who earn RD$2,443.92 more than that amount.
The current tax-exempt wage was up to RD$30,880 monthly.
A RD$30,950.00 salary had paid RD$3.45 income tax and will now be exempt, whereas a RD$50,000 wage paid RD$3,041.42 and now pays RD$2,501.43, for a monthly saving of RD$539.99.
A RD$65,000 monthly salary now pays RD$568.47 per month; salaries up to RD$33,350 will pay RD$3.46 in taxes, taking into account the 7.76 % inflation in 2011.
Written by: RoyStone, 1 Feb 2012 8:44 AM
From: Australia
Income tax - what's that? We don't pay that here.
Written by: telemeco, 1 Feb 2012 9:09 AM
From: Dominican Republic, Monte Plata
I am should we Dominican pay those taxes in other social services,,this is a political maneuvering
Written by: zooma, 1 Feb 2012 9:20 AM
From: United States
Benevolence ? ........ take into account this is an election year.
Written by: RoyStone, 1 Feb 2012 9:47 AM
From: Australia
Adjusting the tax-free threshold to inflation helps low-income earners, but if the other breaks are not adjusted, high-income earners are still penalized by bracket-creep.
From: Dominican Republic, vieja Santo Domingo
This is always a good idea to raise the lowest tax benchmark as it helps the poor and employees do pay tax here the people who do not pay their fair share of tax are the self employed where the government has a greater problem in assessing it
It may be a political decision but it is still a good one
Written by: josean, 1 Feb 2012 12:18 PM
From: United States, Show your Love for DR Vote AGAINST the PLD!
Now if only Little Dickey’s God Lie-onel Fernandez could tax Money Laundering we would be on easy street!
Written by: THINK, 1 Feb 2012 2:39 PM
From: United States, SDQ -- Mia --NY
Does Dominicans (the majorities) earn RD$ 33,326.00 per month? I doubt it very much....., or if this is the standard amount of living expenses, then the DR Governmant should know much better how many people can make that type of money?
Why can't be realistic and reflect the real life style in DR to people?
Written by: mrtibes, 1 Feb 2012 6:09 PM
From: United States
$850 dollars a month is about 5.50 to 6.00/hr and the living expense for the average DR resident is $1500/month that with out clothing and personal care items so how's some one with a family of 7 suppose to live.
Written by: josean, 1 Feb 2012 6:46 PM
From: United States, Show your Love for DR Vote AGAINST the PLD!
"how's some one with a family of 7 suppose to live."
Become a member of the PLD's Political Committee!
Written by: RoyStone, 1 Feb 2012 7:10 PM
From: Australia
THINK, you are missing the point. The tax-free limit in USA has nothing to do with the cost of living in the Dominican Republic, or anywhere. It is just saying people below a particular income don't have to pay income tax.
Written by: RoyStone, 1 Feb 2012 7:18 PM
From: Australia
mrtibes, people should be paid in accordance with their contribution to society - what they are worth, not based on how many kids they have. If you only earn $850 per month, what are you doing having a wife and 5 kids?
From: United States, NJ
Roy :
"You hit the nail right on the head". You left out the mistress and the CHATA ,I think this people
outdrink the ENGLISH,IRISH,SCOTISH all put tpgether.
I don't think that is the national midium. Maybe in the Capital they make that much money,if they
find a job.
Written by: RoyStone, 1 Feb 2012 10:16 PM
From: Australia
Thelmo, perhaps this is what Dready refers to as the Dominican "entitlement mentality"?
In the barios, it seems to me that any money they get they should be able to spend on what they want, like beer, banca, iPhones and Jepetas, and the government should provide what they need, like education, housing, medical care, electricity, water, gas, and clothing and food for their kids at least.
The government has plenty of money. If not, they can just print more.
From: United States, NJ
Roy:
That sounds more like communism in theory but not in practice !
Written by: RoyStone, 2 Feb 2012 7:48 AM
From: Australia
More like Socialism, Thelmo. Under Communism you are still required to work towards the common good.
Written by: Escott, 2 Feb 2012 11:21 AM
From: Dominican Republic, Cabrera and Sosua a 2 days a month for payday
Very simple, you don 't make a family of 7 if you can't afford it. DUH!
Written by: RoyStone, 2 Feb 2012 11:44 AM
From: Australia
Not according to the Catholic Church, Escott,
Effective contraception is banned.
"God will supply our physical need. God supplies the food for the sparrows. He takes care of the lilies of the field. We are of much more value than sparrows. Your Heavenly Father knows what things you have need of before you ask Him"
Luke 12:30.
So keep having babies and the Lord will provide.
Yeah, right!
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Benevolence ? ........ take into account this is an election year.
It may be a political decision but it is still a good one
Now if only Little Dickey’s God Lie-onel Fernandez could tax Money Laundering we would be on easy street!
Does Dominicans (the majorities) earn RD$ 33,326.00 per month? I doubt it very much....., or if this is the standard amount of living expenses, then the DR Governmant should know much better how many people can make that type of money?
Why can't be realistic and reflect the real life style in DR to people?
"how's some one with a family of 7 suppose to live."
Become a member of the PLD's Political Committee!
"You hit the nail right on the head". You left out the mistress and the CHATA ,I think this people
outdrink the ENGLISH,IRISH,SCOTISH all put tpgether.
I don't think that is the national midium. Maybe in the Capital they make that much money,if they
find a job.
In the barios, it seems to me that any money they get they should be able to spend on what they want, like beer, banca, iPhones and Jepetas, and the government should provide what they need, like education, housing, medical care, electricity, water, gas, and clothing and food for their kids at least.
The government has plenty of money. If not, they can just print more.
That sounds more like communism in theory but not in practice !
Effective contraception is banned.
"God will supply our physical need. God supplies the food for the sparrows. He takes care of the lilies of the field. We are of much more value than sparrows. Your Heavenly Father knows what things you have need of before you ask Him"
Luke 12:30.
So keep having babies and the Lord will provide.
Yeah, right!