Dominicans will soon have more money to
spend from their pockets.
Although Government has reduced and removed the import duty on a number of basic items the Roosevelt Skerrit Administration believes one of the best ways to bring relief to the citizens of Dominica is by reducing taxes, giving employees more money in their pockets.
In 2008 Government implemented the first of a three part income tax reform to bring relief to citizens.
The tax free allowance was raised from $15,000 to $18,000 per annum. There was also a reduction in the rate of tax in each tax bracket; that is from 20% to 18% on the first $20,000 of taxable income, from 30% to 28% on the next $30,000 of taxable income and from 40% to 38% in the next tax bracket.
Although Government has reduced and removed the import duty on a number of basic items the Roosevelt Skerrit Administration believes one of the best ways to bring relief to the citizens of Dominica is by reducing taxes, giving employees more money in their pockets.
In 2008 Government implemented the first of a three part income tax reform to bring relief to citizens.
The tax free allowance was raised from $15,000 to $18,000 per annum. There was also a reduction in the rate of tax in each tax bracket; that is from 20% to 18% on the first $20,000 of taxable income, from 30% to 28% on the next $30,000 of taxable income and from 40% to 38% in the next tax bracket.
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