In the Dominican Republic, the minimum wage varies per type of company (private, public), the number of employees, and the company’s annual income. re is no minimum wage by law. The minimum monthly wage can range from DOP 11,900 to DOP 21,000.
The individual income tax ranges from 0% to 25%. Income tax is calculated according to progressive rates.
Gross Annual Income | Tax Rate (%) |
---|---|
Up to DOP 416,220 | 0% |
Up to DOP 624,329 | 15% |
Up to DOP 867,123 | 20% |
Over DOP 867,123 | 25% |
The employer cost is generally estimated at 16.39% of the employee salary.
Additionally, the employer will have to pay a 13th salary and an annual bonus payment.
Most employer costs have limits, therefore the percentage will vary. Pension Fund limit DOP 325,250 Health Insurance Contribution limit DOP 162,625 Occupational Risk Insurance DOP 65,050