Dominica offers an attractive business environment, and understanding the tax obligations is essential for businesses operating on the island. Corporate income tax, VAT, withholding tax, personal income tax, social security contributions, and property tax are among the important taxes businesses should be aware of when operating in Dominica. It is advisable to consult with a tax professional or refer to the official website of the Dominica Inland Revenue Division (IRD) for the most accurate and up-to-date information on tax regulations and requirements.
Dominica imposes a corporate income tax on the profits earned by companies operating within its jurisdiction. As of the knowledge cutoff date in September 2021, the corporate income tax rate in Dominica is 30%. This tax is applicable to the worldwide income of resident companies and the locally sourced income of non-resident companies.
For detailed and up-to-date information on business taxes in Dominica, it is recommended to visit the official website of the Dominica Inland Revenue Division (IRD). The website provides comprehensive information, downloadable forms, guidelines, and contact details for any tax-related inquiries.
Dominica Inland Revenue Division (IRD) Website: Official Dominica IRD Website