Dominica

{"ftc_utility":"medium","fbar_trigger_notes":"US expats maintaining bank accounts with Kalinago Bank, National Bank of Dominica, or local branches of regional banks (e.g. Republic Bank) must report if aggregate balances exceed USD 10,000 at any point in the year. FBAR filing via FinCEN Form 114 is required. FATCA reporting also applies.","ftc_utility_reason":"Dominica taxes residents on worldwide income including earned income, so Dominican income taxes paid can generate Foreign Tax Credits usable against US tax liability on the same income. The top rate of 25% is below the US top rate of 37%, so FTC may not fully offset US tax on high-income earners; FEIE is often more efficient for earned income.","presence_day_count_notes":"Dominica does not require a visa for US citizens for stays up to 6 months. Long-term residents should obtain appropriate immigration status. The 330-day physical presence test is achievable for those living in Dominica full-time. No unusual immigration restrictions complicate day counting, though proof of legal residency status is advisable for the bona fide residence test.","typical_qualifying_method":"either","housing_exclusion_available":true,"physical_presence_test_applies":true,"estimated_housing_exclusion_usd":8400,"local_tax_rate_on_earned_income":0.25,"bona_fide_residence_test_applies":true}

{"pension_income":{"notes":"Foreign pension income received by Dominica tax residents is assessable income subject to progressive income tax rates up to 25%. No specific exemption for foreign pension income exists in Dominica law.","tax_rate":0.25,"locally_taxed":true},"social_security":{"notes":"No US-Dominica tax treaty exists. US Social Security benefits received by Dominica tax residents are potentially assessable as foreign income. No bilateral protection applies.","locally_taxed":true,"treaty_protection":false},"roth_distributions":{"notes":"No treaty exists to protect Roth distributions. Amounts received may be assessable depending on characterization; in practice, return of after-tax contributions may not be taxable but earnings components could be assessed under general income rules.","locally_taxed":true},"us_401k_ira_distributions":{"notes":"There is no US-Dominica income tax treaty. Distributions from US 401(k) or IRA accounts received by Dominica tax residents would be assessed as foreign-source income. Dominica taxes residents on worldwide income, so distributions are subject to income tax at progressive rates up to 25%. No treaty relief is available.","tax_rate":0.25,"locally_taxed":true,"treaty_protection":false}}

{"rate":0.25,"notes":"Dominica does not have a separate capital gains tax. Gains of a capital nature are generally not taxed, though gains arising in the ordinary course of trade may be treated as income and taxed at standard income tax rates up to 25%.","details":{"tax_type":"Capital Gains Tax","country_name":"Dominica","country_iso_code":"DMA","source_references":["Inland Revenue Division of Dominica","KPMG Caribbean tax guides","CARICOM tax reference materials"],"last_verified_date":"2026-06-03","general_description":"Dominica does not levy a standalone capital gains tax. Pure capital gains (e.g. from sale of investment assets) are typically not subject to income tax. Gains treated as income in the course of business are taxed under the standard income tax regime at progressive rates up to 25%.","corporate_capital_gains":{"rate":0.25,"tax_treatment":"No separate CGT; business-related gains taxed as corporate income at the 25% corporate rate."},"individual_capital_gains":{"rate":0,"tax_treatment":"Pure capital gains are not taxed. Gains arising from trade or business activity may be assessed as ordinary income at progressive rates up to 25%."}}}

{"notes":"Dividends paid by Dominica-resident companies to non-resident individuals are subject to a withholding tax of 25%. Dividends received by resident individuals from Dominican companies are generally included in assessable income and taxed at personal income tax rates. Intra-Caribbean arrangements under CARICOM tax treaties may reduce withholding rates.","rates":[{"rate":0.25,"type":"withholding","notes":"Standard withholding rate on dividends paid to non-residents."},{"rate":0.25,"type":"progressive","notes":"Resident individuals include dividends in assessable income; top marginal rate of 25% applies."}]}