Taxes on income, profits and capital gains in Dominican Republic
Dominican Republic: Taxes on income, profits and capital gains was 34.9% 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 total taxes.
Analysis
Dominican Republic recorded 34.9% for taxes on income, profits and capital gains in 2024. That is the highest value across all 53 years on record.
That represents a change of up 0.9% on the previous year and up 9.3% over ten years.
Over the whole period, taxes on income, profits and capital gains in Dominican Republic peaked at 34.9% in 2024 and was at its lowest, 16.3%, in 1994.
That places Dominican Republic 89th out of 153 countries with data for 2024, putting it 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 total taxes | Change |
|---|---|---|
| 1972 | 22.7% | — |
| 1973 | 22.8% | +0.6% |
| 1974 | 23.5% | +2.9% |
| 1975 | 21.9% | -6.7% |
| 1976 | 23.5% | +7.3% |
| 1977 | 18.8% | -20.0% |
| 1978 | 20.7% | +10.0% |
| 1979 | 21.7% | +4.7% |
| 1980 | 26.1% | +20.5% |
| 1981 | 25.4% | -3.0% |
| 1982 | 26.9% | +6.3% |
| 1983 | 25.0% | -7.1% |
| 1984 | 23.1% | -7.7% |
| 1985 | 21.5% | -7.1% |
| 1986 | 20.3% | -5.5% |
| 1987 | 19.4% | -4.5% |
| 1988 | 21.5% | +10.8% |
| 1989 | 24.2% | +12.5% |
| 1990 | 25.0% | +3.6% |
| 1991 | 24.7% | -1.1% |
| 1992 | 17.2% | -30.5% |
| 1993 | 16.8% | -2.1% |
| 1994 | 16.3% | -3.2% |
| 1995 | 18.0% | +10.4% |
| 1996 | 18.8% | +4.3% |
| 1997 | 18.8% | +0.3% |
| 1998 | 18.4% | -2.3% |
| 1999 | 20.4% | +10.8% |
| 2000 | 20.5% | +0.5% |
| 2001 | 25.0% | +22.1% |
| 2002 | 23.6% | -5.6% |
| 2003 | 27.6% | +16.9% |
| 2004 | 20.8% | -24.7% |
| 2005 | 19.9% | -4.2% |
| 2006 | 22.1% | +10.8% |
| 2007 | 25.4% | +15.2% |
| 2008 | 24.9% | -2.2% |
| 2009 | 24.7% | -0.8% |
| 2010 | 22.2% | -10.2% |
| 2011 | 24.0% | +8.3% |
| 2012 | 29.7% | +23.8% |
| 2013 | 30.6% | +3.1% |
| 2014 | 31.9% | +4.4% |
| 2015 | 28.6% | -10.4% |
| 2016 | 29.7% | +3.8% |
| 2017 | 30.8% | +3.5% |
| 2018 | 30.4% | -1.3% |
| 2019 | 31.4% | +3.4% |
| 2020 | 33.7% | +7.2% |
| 2021 | 33.7% | +0.1% |
| 2022 | 31.7% | -5.9% |
| 2023 | 34.6% | +9.0% |
| 2024 | 34.9% | +0.9% |
Dominican Republic compared with similar countries
- Dominican Republic's 34.9% is below the median for upper middle income countries, which is 37.1%, 94% of the median. (48 countries reporting)
- Dominican Republic's 34.9% is below the median for Latin America & Caribbean, which is 36.0%, 97% of the median. (24 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 22.0% | 18.8% | 23.5% | 8 |
| 1980s | 23.3% | 19.4% | 26.9% | 10 |
| 1990s | 19.4% | 16.3% | 25.0% | 10 |
| 2000s | 23.5% | 19.9% | 27.6% | 10 |
| 2010s | 28.9% | 22.2% | 31.9% | 10 |
| 2020s | 33.7% | 31.7% | 34.9% | 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 34.9% 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 34.9% in 2024.
- What is the lowest taxes on income, profits and capital gains recorded in Dominican Republic?
- The lowest recorded value was 16.3% in 1994.
- How does Dominican Republic rank for taxes on income, profits and capital gains?
- Dominican Republic ranks 89th 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 9.3%. 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 total taxes). 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 total taxes which includes all compulsory, unrequited payments, in cash or in kind, made by institutional units to government units.