Taxes on income, profits and capital gains in Dominican Republic
Dominican Republic: Taxes on income, profits and capital gains was 29.3% in 2024. ▲ Rising
Taxes on income, profits and capital gains in Dominican Republic, 1972–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
Dominican Republic recorded 29.3% for taxes on income, profits and capital gains in 2024.
Compared with earlier readings it is down 0.5% on the previous year and up 3.9% over ten years.
Over the whole period, taxes on income, profits and capital gains in Dominican Republic peaked at 29.5% in 2023 and was at its lowest, 14.1%, in 1994.
Dominican Republic ranks 49th of 153 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 53 years of available data.
Taxes on income, profits and capital gains in Dominican Republic, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1972 | 17.9% | — |
| 1973 | 18.7% | +3.9% |
| 1974 | 19.9% | +6.6% |
| 1975 | 18.6% | -6.6% |
| 1976 | 20.0% | +7.8% |
| 1977 | 16.1% | -19.3% |
| 1978 | 16.4% | +1.6% |
| 1979 | 18.0% | +9.6% |
| 1980 | 19.3% | +7.1% |
| 1981 | 18.9% | -1.7% |
| 1982 | 21.7% | +14.7% |
| 1983 | 19.8% | -8.9% |
| 1984 | 19.1% | -3.2% |
| 1985 | 19.0% | -0.6% |
| 1986 | 16.6% | -12.5% |
| 1987 | 15.9% | -4.3% |
| 1988 | 17.2% | +8.1% |
| 1989 | 20.7% | +20.0% |
| 1990 | 21.3% | +2.9% |
| 1991 | 21.2% | -0.1% |
| 1992 | 14.7% | -30.9% |
| 1993 | 14.6% | -0.6% |
| 1994 | 14.1% | -3.2% |
| 1995 | 15.6% | +10.3% |
| 1996 | 16.4% | +5.3% |
| 1997 | 16.5% | +0.5% |
| 1998 | 16.4% | -0.3% |
| 1999 | 17.9% | +9.3% |
| 2000 | 17.9% | -0.2% |
| 2001 | 22.5% | +25.8% |
| 2002 | 21.2% | -5.7% |
| 2003 | 24.2% | +13.9% |
| 2004 | 18.3% | -24.3% |
| 2005 | 18.0% | -2.1% |
| 2006 | 19.8% | +10.5% |
| 2007 | 22.4% | +13.0% |
| 2008 | 22.4% | +0.2% |
| 2009 | 21.8% | -2.9% |
| 2010 | 18.7% | -14.0% |
| 2011 | 20.5% | +9.4% |
| 2012 | 26.1% | +27.3% |
| 2013 | 27.2% | +4.1% |
| 2014 | 28.2% | +3.9% |
| 2015 | 21.1% | -25.1% |
| 2016 | 26.0% | +23.0% |
| 2017 | 27.1% | +4.0% |
| 2018 | 26.2% | -3.3% |
| 2019 | 26.9% | +2.9% |
| 2020 | 28.3% | +5.1% |
| 2021 | 29.5% | +4.1% |
| 2022 | 26.9% | -8.6% |
| 2023 | 29.5% | +9.5% |
| 2024 | 29.3% | -0.5% |
Dominican Republic compared with similar countries
- Dominican Republic's 29.3% is above the median for upper middle income countries, which is 22.7%, 1.3× the median. (48 countries reporting)
- Dominican Republic's 29.3% is above the median for Latin America & Caribbean, which is 25.4%, 1.2× the median. (24 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 18.2% | 16.1% | 20.0% | 8 |
| 1980s | 18.8% | 15.9% | 21.7% | 10 |
| 1990s | 16.9% | 14.1% | 21.3% | 10 |
| 2000s | 20.9% | 17.9% | 24.2% | 10 |
| 2010s | 24.8% | 18.7% | 28.2% | 10 |
| 2020s | 28.7% | 26.9% | 29.5% | 5 |
Countries ranked near Dominican Republic
More public sector data for Dominican Republic
- Democracy, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Democracy 7 (2025)
- Chief executive of the government is elected 1 (2025)
- Elected parliament 1 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is taxes on income, profits and capital gains in Dominican Republic?
- Taxes on income, profits and capital gains in Dominican Republic was 29.3% in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on income, profits and capital gains recorded in Dominican Republic?
- The highest recorded value was 29.5% in 2023.
- What is the lowest taxes on income, profits and capital gains recorded in Dominican Republic?
- The lowest recorded value was 14.1% in 1994.
- How does Dominican Republic rank for taxes on income, profits and capital gains?
- Dominican Republic ranks 49th out of 153 countries with data for 2024.
- Is taxes on income, profits and capital gains rising or falling in Dominican Republic?
- Over the last ten years it is up 3.9%. The long-run trend across the full record is rising.
- Where does this Dominican Republic data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Taxes on income, profits and capital gains (% of revenue). Statizoid updates them automatically from the source API.
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About this data
Taxes on income, profits, and capital gains are taxes payable on the actual or presumed incomes, profits and capital gains. This indicator is expressed as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.