Taxes on Goods and Services (As % of Revenue) rose to 49.1% in Dominican Republic in 2017

Taxes on Goods and Services (As % of Revenue) (%)
Economy | Dominican Republic | May 17, 2019
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Taxes on goods and services as a share of revenue reached 49.1 % in 2017 in Dominican Republic, according to the National Statistical Office. This is 0.265 % more than in the previous year.

Historically, taxes on goods and services as a share of revenue in Dominican Republic reached an all time high of 57.8 % in 2008 and an all time low of 16.1 % in 1975. When compared to Dominican Republic's main peers, taxes on goods and services as a share of revenue in Jamaica amounted to 26.6 %, 27.2 % in Mexico and 2.42 % in USA in 2017.

Dominican Republic has been ranked 8th within the group of 105 countries we follow in terms of taxes on goods and services as a share of revenue, 3 places behind the position seen 10 years ago.

Taxes on goods and services include general sales and turnover or value added taxes, selective excises on goods, selective taxes on services, taxes on the use of goods or property, taxes on the extraction and production of minerals, and profits of fiscal monopolies.

Taxes on Goods and Services (As % of Revenue) Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017
Belize % 27.8% 34.4% 32.4% 34.7% 35.7%
Canada % 14.2% 14.0% 13.9% ... ... ... ...
Cayman Islands % ... ... ... ... ... ... ... ... ...
China % 62.1% 61.3% 58.0% 38.4% 35.3% ...
Cuba % ... ... ... ... ... ... ... ... ...
Dominican Republic % 57.1% 54.7% 55.0% 52.7% 42.7%
Guatemala % 56.2% 56.7% 56.2% 55.1% 55.9% ...
Haiti % ... ... ... ... ... ... ... ... ...
Honduras % 40.7% 41.0% 39.6% 44.3% 47.7% ... ...
Jamaica % 21.6% 23.6% 24.5% 24.5% 24.7%
Japan % 35.9% 34.6% 32.7% 37.1% 37.6%
Mexico % 23.0% 23.0% 21.4% 25.4% 30.2%
USA % 2.95% 2.99% 2.84% 2.98% 2.94%