Roseau, Dominica – January 31, 2008…… Thousands of Dominicans are now seeing the benefits of the income tax relief measures promised by Prime Minister and Minister for Finance, Hon. Roosevelt Skerrit in his 2007/2008 Budget Address last July with the payment of January salaries by Government.
A taxpayer earning $1500 per month will be $600 a year better off as a result of the income tax adjustment. A person earning $2000 per month will be $720 a year better off, while an individual earning $2500 a month will be $840 a year better off.
A taxpayer earning $3000 per month will be $1260 per year better off while one earning $4000 a month will be $1700 a year better off.
In addition, as a result of the increase in the non-taxable personal allowance, an additional 1,036 persons will no longer pay any income tax. Taking into account those persons who have filed returns with the Inland Revenue Division (IRD), the total number of exempt persons is a minimum of 3,149.