Taxation in Dominica depends on the status of the taxpayer and is progressive and amounts to 15%-35%.
Non-residents pay taxes if they receive income from sources in the country.
Residents pay tax on all income earned in the country and abroad.
An investor does not become a tax resident after receiving a passport. This status can be obtained if you live in the country for more than 183 days a year. Participants in the Dominica Citizenship by Investment program are not required to live in the country either before or after obtaining a passport.
When buying real estate, stamp duty, legal and judicial taxes are paid, as well as tax to the Insurance Fund, which is 10.5% of the transaction amount.
There is no capital gains tax or real estate tax in Dominica, but depending on the area, a local municipal tax is paid, amounting to about 1.25% of the property value.
Companies in Dominica pay 25% of profits and contribute 7% of employees' salaries to social funds.
In order to avoid double taxation, Dominica has concluded an agreement with all Caribbean countries (CARICOM).
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