16 July 2019
With effect from 1 July 2019, the Dominican Republic has increased the minimum monthly salary as follows, based on the business size:
For social security contribution purposes, the minimum monthly salary (MMS) affects the maximum contribution basis, which is 20 times MMS for pension, 10 times MMS for healthcare, and 4 times MMS for labor risks insurance.
We’re here to answer any questions you have about the Orbitax products and services.
We’re committed to providing high value, low cost tax research and management solutions.
Our Twitter account is where you can find latest information, news updates, offers and lots more.