Dominican Republic vs Trinidad and Tobago
Tax Rate Comparison
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๐ฐ Personal Income Tax Calculator
Enter your income to see your estimated annual tax liability in each country โ side by side.
๐ฉ๐ด Dominican Republic โ Municipal Taxes
The Dominican Republic's 32 provinces and 158 municipalities levy the impuesto a la propiedad inmobiliaria (IPI) on properties above DOP 9.5M at 1%, commercial licences, and local service fees. The DGII (Direcciรณn General de Impuestos Internos) administers national taxes. The DR has been one of the fastest-growing economies in Latin America, with tourism, manufacturing (free trade zones), and remittances as key pillars. Tax reform has been ongoing to improve collection and reduce evasion.
๐น๐น Trinidad and Tobago โ Municipal & Regional Corporations
Trinidad and Tobago's 14 regional/municipal corporations (including Port of Spain City Corporation) levy property taxes and business licence fees. T&T is a significant energy producer in the Caribbean โ natural gas and oil revenues are major fiscal pillars. The country uses a Business Levy (0.6% of gross sales as minimum tax) and a Green Fund Levy (0.3%). T&T has the highest per-capita income in the Caribbean and a well-developed financial services sector.
Dominican Republic vs Trinidad and Tobago: Key Tax Differences (2026)
๐ฐ Income Tax: ๐น๐น Trinidad and Tobago has a higher top income tax rate (0โ25% vs 25โ30%). ๐ฉ๐ด Dominican Republic is more favourable for high earners.
๐ VAT/Sales Tax: Dominican Republic has a higher consumption tax (18% vs 12.5%).
๐ข Corporate Tax: ๐ฉ๐ด Dominican Republic offers a lower corporate rate (27% vs 35%), which can influence business location decisions.
๐ Capital Gains: ๐น๐น Trinidad and Tobago taxes investment gains at a lower rate (0% vs 27%), benefiting investors.