Taxes on Income, Profits and Capital Gains (As % of Revenue) rose to 26.5% in Dominican Republic in 2017

Taxes on Income, Profits and Capital Gains (As % of Revenue) (%)
Economy | Dominican Republic | May 17, 2019
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Taxes on income, profits and capital gains as a share of revenue reached 26.5 % in 2017 in Dominican Republic, according to the National Statistical Office. This is 4.91 % more than in the previous year.

Historically, taxes on income, profits and capital gains as a share of revenue in Dominican Republic reached an all time high of 28.2 % in 2014 and an all time low of 14.1 % in 1994. When compared to Dominican Republic's main peers, taxes on income, profits and capital gains as a share of revenue in Jamaica amounted to 28.1 %, 35.8 % in Mexico and 50.0 % in USA in 2017.

Dominican Republic has been ranked 43rd within the group of 104 countries we follow in terms of taxes on income, profits and capital gains as a share of revenue, 14 places above the position seen 10 years ago.

Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realised or not, on land, securities, and other assets.

Taxes on Income, Profits and Capital Gains (As % of Revenue) Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017
Belize % 28.8% 28.9% 26.2% 27.5% 25.7%
Canada % 53.8% 53.0% 53.1% 54.1% 54.0%
Cayman Islands % ... ... ... ... ... ... ... ... ...
China % 24.9% 26.0% 28.3% 19.9% 20.6% ...
Cuba % ... ... ... ... ... ... ... ... ...
Dominican Republic % 20.5% 26.1% 27.2% 28.2% 21.0%
Guatemala % 29.6% 29.4% 32.7% 34.1% 33.2% ...
Haiti % ... ... ... ... ... ... ... ... ...
Honduras % 22.7% 21.6% 22.2% 21.5% 23.4% ... ...
Jamaica % 37.7% 38.0% 32.9% 34.1% 33.3%
Japan % 47.7% 49.0% 51.0% 48.7% 46.9%
Mexico % 27.9% 27.1% 31.3% 30.5% 34.7%
USA % 52.8% 53.5% 51.1% 53.1% 54.1%