Paying Taxes in Dominica

The table below addresses the taxes and mandatory contributions that a medium-size company must pay or withhold in a given year in Dominica, as well as measures of administrative burden in paying taxes.

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Tax or mandatory contributionPayments (number)Notes on PaymentsTime (hours)Statutory tax rateTax baseTotal tax rate (% profit)Notes on TTR
Corporate income tax5 1530.0%taxable profits25.9 
Social security contributions12 487.0%gross salaries7.9 
Property transfer tax (stamp duty)1 -2.5%property value1.5 
Property tax2 -0.8%assessed property value0.7 
fuel tax1 - included in the fuel price0.5 
Business license1 -fixed fee 0.4 
vehicle license1 -fixed fee 0.1 
Insurance premium tax1 -3.0%insurance premium0 
Tax on check transactions1 - per check0 
VAT12 5715.0%value added not included
Stamp duty on contracts1 -variestype of contract small amount
Totals:38 120  37.0 


Notes:
Name of taxes have been standardized. For instance income tax, profit tax, tax on company's income are all named corporate income tax in this table.
The hours for VAT include all the VAT and sales taxes applicable.
The hours for Social Security include all the hours for labor taxes and mandatory contributions in general.