Rental Income Tax (Effective) in Dominican Republic compared to Caribbean

Footnote | Export Sort: Alphabetically | Ascending | Descending

Click name of country for detailed information
St Vincent 30.58%
Dom. Rep. 18.90%
Jamaica 18.75%
Trinidad & T. 18.75%
Antigua 15.00%
Grenada 15.00%
St Lucia 11.00%
Anguilla 10.00%
Martinique 10.00%
Guadeloupe 10.00%
Montserrat 10.00%
Barbados 7.50%
BVI 7.00%
Aruba 3.11%
Belize 3.00%
Puerto Rico 1.75%
Bermuda 1.20%
Turks & C. Is. 0.00%
Bahamas 0.00%
St Kitts and Nevis 0.00%
Cayman Is. 0.00%
US Virgin Is. 0.00%
Dominica 0.00%

Dominican Republic: Rental income taxes (%).

The tax levied on the average annual income on a rental apartment/property in the country.

Assumptions:

  • Gross rental income is /US$1,500/month
  • The property is personally directly owned jointly by husband and wife
  • Both owners are foreigners and non-residents
  • They have no other local income
  • There is no mortgage, i.e., no loan is taken for the purchase


In arriving at the pre-tax profit figure, we calculate, and deduct:

  • Depreciation / capital allowances if available. We assume a value for the apartment based on our valuation research, and depreciate on this basis.


We deduct any other costs which a landlord normally pays - management charges, buildings insurance, realtor agency fees, etc. We either choose a standard percentage deduction (if available) or typical actually incurred costs. If real estate tax is normally payable by the landlord, we deduct that.

Our rental income tax figures are provided by accountants (see list of contributors). For more details see the Data FAQ.

Source: Global Property Guide Research, Contributing Accounting Firms


Dominican Republic does not publish any house price statistics. General economics statistics are from the Central Bank of Dominican Republic.