Dominica: Living There - Tax Issues

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The same rates of income tax apply to both residents and non-residents, but residents must pay tax on their worldwide income.

The income of a husband and wife are assessed separately, based on the income received in the previous calendar year. Property taxes, maintenance costs, and accountancy fees incurred in the preparation of a return of income are deductible against the amount payable. Deductions on interest payments of up to XCD15,000 (US$5,556) are only allowed on owner-occupied property.

Each resident taxpayer can avail of the XCD15,000 (US$5,556) personal allowance.

A Dominican passport, which can be acquired through the Economic Citizenship Program, entitles its holder to visa-free entry in over 100 countries including Great Britain, Hong Kong, Singapore, and Switzerland (it does not require residence in the country).

However, controversy regarding the ramifications of this program has pushed the Government to re-assess the application process, and employ more strict security checks on applicants. The future of this incentive is uncertain.

Dominican residents can purchase real estate without restrictions, and without paying the 10% Alien Landholding License Fee on larger properties.

Dominica - more data and information

• Lawyers (attorneys) with property law practices in Dominica

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