Dominica Tax Tables 2024 - Tax Rates and Thresholds in Dominica
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This page contains the tax table information used for the calculation of tax and payroll deductions in Dominica in 2024. These tax tables are used for the tax and payroll calculators published on iCalculator™ DM, these tools are provided for your free use on our website. If you would like additional tax table information added to the tax calculators for Dominica or would like to add to or suggest amendments to the information herein then please contact us.
2024 Tax Tables [Quick Links]
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Dominica Personal Income Tax Tables in 2024
The Income tax rates and personal allowances in Dominica are updated annually with new tax tables published for Resident and Non-resident taxpayers. The Tax tables below include the tax rates, thresholds and allowances included in the Dominica Tax Calculator 2024.
Dominica Residents Income Tax Tables in 2024
Personal Income Tax Rates and Thresholds (Annual)| Tax Rate | Taxable Income Threshold |
|---|
| 0% | Income from $ 0.000.00 | to | $ 30,000.00 |
| 15% | Income from $ 30,000.01 | to | $ 50,000.00 |
| 25% | Income from $ 50,000.01 | to | $ 80,000.00 |
| 35% | Income from $ 80,000.01 | | and above |
Dominica Non-residents Income Tax Tables in 2024
Personal Income Tax Rates and Thresholds (Annual)| Tax Rate | Taxable Income Threshold |
|---|
| 0% | Income from $ 0.000.00 | to | $ 30,000.00 |
| 15% | Income from $ 30,000.01 | to | $ 50,000.00 |
| 25% | Income from $ 50,000.01 | to | $ 80,000.00 |
| 35% | Income from $ 80,000.01 | | and above |
In Dominica, social security deductions made by employees are not deductible when calculating taxable income. This means that the contributions towards social security programs, such as pension and health insurance, are not subtracted from an individual's gross income for the purpose of determining their taxable income. As a result, these social security contributions do not reduce the taxable income of employees in Dominica, and thus, do not impact their overall income tax liability.
Dominica Social Security and Payroll Deduction Rates in 2024
In Dominica, the social security system involves contributions from both employees and employers, funding various programs aimed at providing benefits and support to the workforce and their families.
Dominica Social Security in 2024: Rates for Employers and Employees| Category | Employee | Employer | Total |
|---|
| Pensions | 2.87% | 7.1% | 9.97% |
| Family Healthcare | 3.04% | 7.09% | 10.13% |
| Labour Risks Insurance | 0% | 1.2% | 1.2% |
Dominica Social Security and Payroll Deduction in 2024: Earnings Thresholds for Employers and Employees| Category | Employee | Employer |
|---|
| Min. | Max. | Min. | Max. |
|---|
| Pensions | n/a | n/a | n/a | n/a |
| Family Healthcare | n/a | n/a | n/a | n/a |
| Labour Risks Insurance | n/a | n/a | n/a | n/a |
Pension Fund Contributions
Contributions to the pension fund constitute a major part of the social security system. These funds are designated to provide retirement benefits to employees, ensuring a source of income during their post-working years. The pension system is critical for supporting the financial needs of retirees.
Health Insurance Contributions
Health insurance contributions are another vital component of the social security system. These contributions help fund the national healthcare system, providing medical coverage and access to healthcare services for employees and their dependents.
Maternity and Family Benefits
Social security contributions in Dominica also support maternity and family benefits. These benefits offer financial assistance to employees during maternity leave and contribute to the costs of childcare and other family-related needs.
Employment Injury Benefits
Employment injury benefits, funded through social security contributions, provide coverage for employees who suffer work-related injuries or illnesses. This includes medical treatment, rehabilitation services, and financial support during recovery.
The social security and payroll deduction system in Dominica plays a crucial role in the country's social welfare framework, providing essential support and protection to the workforce and their families.
Dominica VAT Rates in 2024
VAT rates for Dominica are reviewed annually, you can use the VAT Calculator to calculate VAT due in Dominica or use the Reverse VAT Calculator to calculate the net cost of goods/services after deducting VAT.
Dominica VAT Rates| VAT Rate | VAT Description |
|---|
| 10% | Reduced Rate |
| 15% | Standard Rate |
Historic Tax Tables supported for Dominica
The following tax tables are supported by iCalculator™ DM as part of the suite of free tax tools we provide for Dominica.