Dominican Republic Information about minimum wage and taxes.

The minimum wage in the Dominican Republic has been determined as 400 Dominican pesos (approximately

7.60 dollars) per day as of 2021. Additionally, employees' social security premiums and taxes are calculated based on this wage. The tax system in the Dominican Republic includes income tax and social security contributions. Income tax rates vary depending on income level. These tax rates can range from 0% to 27%. Additionally, social security premium payments are required for those working in the Dominican Republic. These bonuses are calculated based on a certain percentage of the salary. Premiums cover social security services such as health insurance, retirement and unemployment insurance. In the Dominican Republic, employers are obliged to pay the government by deducting income tax and social security contributions from employees' salaries. Additionally, employers are required to pay their own employer insurance premiums. This information is valid as of 2021, and tax rates and minimum wage amounts may change over time. Therefore, it is important to obtain up-to-date information and advice from your local tax authorities or authorities.

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