DO · AmericasTT · Americas
Dominican Republic vs Trinidad and Tobago: tax rates compared
Between the two, Trinidad and Tobago's income tax rate (30%) tops Dominican Republic's (25%) by 5pp. The 200-country average is 28%: Dominican Republic sits below it, Trinidad and Tobago sits above it. Dominican Republic's figure is dated 2025-12-05 and Trinidad and Tobago's 2026-06-02, so the two rates come from different data vintages.
Verified data covers five of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | DO | TT | Difference |
|---|---|---|---|
| Income Tax | 25% | 30% | TT +5 pp |
| Corporate Tax | 27% | 30% | TT +3 pp |
| VAT | 18% | 12.5% | DO +5.5 pp |
| Capital Gains Tax | 25% | 0% | DO +25 pplargest gap |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Dominican Republic | 25% | Source: PwC Worldwide Tax Summaries — Dominican Republic, Individual - Taxes on personal income · as of 2025-12-05 |
| Trinidad and Tobago | 30% | Source: PWC Worldwide Tax Summaries — Trinidad and Tobago (Individual, Taxes on personal income) · as of 2026-06-02 |
| Difference | −5 pp | Trinidad and Tobago higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Dominican Republic | 27% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Trinidad and Tobago | 30% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −3 pp | Trinidad and Tobago higher |
Between the two, Trinidad and Tobago's corporate tax rate (30%) tops Dominican Republic's (27%) by 3pp. The 201-country average is 22.6%: both sit above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Dominican Republic | 18% | Source: PWC Worldwide Tax Summaries — Dominican Republic (Corporate, Other taxes) · as of 2025-12-05 |
| Trinidad and Tobago | 12.5% | Source: PWC Worldwide Tax Summaries — Trinidad and Tobago (Corporate, Other taxes) · as of 2026-06-02 |
| Difference | +5.5 pp | Dominican Republic higher |
Between the two, Dominican Republic's VAT rate (18%) tops Trinidad and Tobago's (12.5%) by 5.5pp. The 181-country average is 15%: Dominican Republic sits above it, Trinidad and Tobago sits below it. Dominican Republic's figure is dated 2025-12-05 and Trinidad and Tobago's 2026-06-02, so the two rates come from different data vintages.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Dominican Republic | 25% | Source: PwC Worldwide Tax Summaries — Dominican Republic, Individual - Taxes on personal income · as of 2025-12-05 |
| Trinidad and Tobago | 0% | Source: PWC Worldwide Tax Summaries — Trinidad and Tobago (Individual, Income determination) · as of 2026-06-02 |
| Difference | +25 pp | Dominican Republic higher |
Between the two, Dominican Republic's capital gains tax rate (25%) tops Trinidad and Tobago's (0%) by 25pp. The 175-country average is 10.3%: Dominican Republic sits above it, Trinidad and Tobago sits below it. Dominican Republic's figure is dated 2025-12-05 and Trinidad and Tobago's 2026-06-02, so the two rates come from different data vintages.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Dominican Republic | 0% | Source: PWC Worldwide Tax Summaries — Dominican Republic (Individual, Other taxes) · as of 2025-12-05 |
| Trinidad and Tobago | 0% | Source: PWC Worldwide Tax Summaries — Trinidad and Tobago (Individual, Other taxes) · as of 2026-06-02 |
| Difference | 0 pp | displayed rates match |
There's no gap here — Dominican Republic and Trinidad and Tobago both post a wealth tax rate of 0%. The 193-country average is 0.1%: both sit below it. Dominican Republic's figure is dated 2025-12-05 and Trinidad and Tobago's 2026-06-02, so the two rates come from different data vintages.
Not covered for both countries yet: Crypto Tax.