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Dominica Taxation

Dominica Taxation
Brand: Dominica
Category: Tax Jurisdiction

Rating

The overall rating is based on review by third parties and our experts

8.9
  • Global Tax Friendly 9 / 10
  • Inheritance Tax Friendly 10 / 10
  • Easy to Citizenship 10 / 10
  • Financial Secret Score 7 / 10
  • R. Estate Tax Friendly 10 / 10
  • Gift Tax Friendly 10 / 10
  • Anti-Aml Index 6 / 10

An individual is considered resident if he/she is physically present in Dominica for at least 183 days in a calendar year.

Information

Investment Basis

Currency Eastern Caribbean Dollar
Accounting Principles IFRS, Parent company
Individual Worldwide Tax Basis Resident
Fast Track Citizenship

Individual Taxation

Starting Taxable Income 1
Starting Income Tax Rate 15%
Highest Income Tax Rate 35%
No Individual Capital Gain Tax

Inheritance, Gift, Net Worth, Dividend, Interest Taxation

No Net Worth Tax
No Gift Tax
No Inheritance Tax
Dividend Tax Combined income
Interest Tax Combined income

Corporate Taxation

Income Tax Rate 25%
Branch Tax Rate 25%
No Capital Gain Tax

Withholding Taxation for Nonresidents

Dividends (Company) None
Interest (Company) None
Royalties (Company) None
Fees for Technical Services (Company) None
Dividends (Individual) None
Interest (Individual) None
Royalties (Individual) None
Fees for Technical Services (Individual) None

Withholding Taxation for Residents

Dividends (Company) 15%
Interest (Company) 15%
Royalties (Company) 15%
Fees for Technical Services (Company) 15%
Dividends (Individual) 15%
Interest (Individual) 15%
Royalties (Individual) 15%
Fees for Technical Services (Individual) 15%

Real Estate

Stamp Duty 1%-2.5%
Transfer Tax None
Real Property Tax None

Value Added Tax

Standard Rate 15%
Reduced Rate 0%/10%

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