Titus Krause
German expat in Dominican Republic
Forum posts
24
Contacts
9
About me
German
Lives in Sos煤a, Puerto Plata
Speaks German, Spanish & English
Registration: 14 July 2020
Property taxes by markrosenbaum51
How does the government communicate to property owners the yearly amount of property taxes? I have lived in Sosua for 2 years and recently sold my condo. I knew about the $150,000 threshold on property value so since I never received a bill, I ...
@lauragrnt Best course of action is going to the tax department of your area with copy of your titles and ID (passport and/or cedula). The agents then print out a slip with the amount owed which has a code that can be used via online banking to pay ... Read More
Property taxes by markrosenbaum51
How does the government communicate to property owners the yearly amount of property taxes? I have lived in Sosua for 2 years and recently sold my condo. I knew about the $150,000 threshold on property value so since I never received a bill, I ...
Be advised late fees and interest compound very quickly! -@plannerVery true, and ends up being expensive resolving the issue at that point. Read More
Property taxes by markrosenbaum51
How does the government communicate to property owners the yearly amount of property taxes? I have lived in Sosua for 2 years and recently sold my condo. I knew about the $150,000 threshold on property value so since I never received a bill, I ...
Best course of action is hiring an attorney or accountant to solicit you IPI status.And, most people find out that they owe taxes when they are selling their property and are surprised with a big bill from the DGII (since late fees and interests are ... Read More
Property taxes by markrosenbaum51
How does the government communicate to property owners the yearly amount of property taxes? I have lived in Sosua for 2 years and recently sold my condo. I knew about the $150,000 threshold on property value so since I never received a bill, I ...
@thezuber good day, hope you're well.You'll still have to pay the land transfer tax, (3%) of the value.Now, in regards to anual property taxes. People over 65 years of age with a single real estate property intended for housing are exempt from ... Read More
Certificate of good behavior? by rlwoodz
Anyone with information on acquiring this "certificate of good behavior" I'd appreciate a reply.聽 Some聽 background.聽 I was told by a 3rd party that a complaint was filed against me in Santo Domingo East.聽 Upon receiving this I ...
If you don't have a c茅dula (national or resident), you'll require a copy of your passport. As a foreigner it gets processed thru Santo Domingo and may take up to 7 business days to process.If you require assistance with this, DM me. Read More
Property taxes by markrosenbaum51
How does the government communicate to property owners the yearly amount of property taxes? I have lived in Sosua for 2 years and recently sold my condo. I knew about the $150,000 threshold on property value so since I never received a bill, I ...
You are very welcome! If you wish more in-depth information on taxes in the DR; don't hesitate to message me. Read More
Property taxes by markrosenbaum51
How does the government communicate to property owners the yearly amount of property taxes? I have lived in Sosua for 2 years and recently sold my condo. I knew about the $150,000 threshold on property value so since I never received a bill, I ...
@lennoxnev What is the property tax?聽It is an annual tax that is applied to the total sum of the encumbered real estate assets registered by individuals and Trusts.聽Who is subject to the payment of this tax?聽聽聽聽聽 ... Read More
Property taxes by markrosenbaum51
How does the government communicate to property owners the yearly amount of property taxes? I have lived in Sosua for 2 years and recently sold my condo. I knew about the $150,000 threshold on property value so since I never received a bill, I ...
@ddmcghee In case of building on a empty lot, once the building is completed the construction plans should be submitted at the tax office. Soliciting an appraisal to up date the property value.The reason many get "surprises" in the DR once they ... Read More
Property taxes by markrosenbaum51
How does the government communicate to property owners the yearly amount of property taxes? I have lived in Sosua for 2 years and recently sold my condo. I knew about the $150,000 threshold on property value so since I never received a bill, I ...
@markrosenbaum51 the DGII is the tax department (Direcci贸n General de Impuestos Internos).And Impuesto Patrimonio Inmobiliario, known as IPI. It is an annual tax that is applied to the total sum of the encumbered real estate assets registered ... Read More
Property taxes by markrosenbaum51
How does the government communicate to property owners the yearly amount of property taxes? I have lived in Sosua for 2 years and recently sold my condo. I knew about the $150,000 threshold on property value so since I never received a bill, I ...
Sadly you don't get notified by the goverment. I tend to guide my clients that purchase properties on their yearly taxes (especially if it's in the name of a corporation). I recommend soliciting a IPI certificate from the DGII on the properties on a ... Read More
YOUR COMMENTS ON VILLAS IN CASA LINDA REAL ESTATE PROJECT IN SOSUA by thunderbird14
Hello, I am a Quebecer speaking French and English, living in the city of Terrebonne in the suburbs of Montreal, Quebec, Canada. I am 58 years old and my wife is 56 years old and we have been married for almost 32 years. I work as an Actuary in ...
My standard rate is 1%, by bigger purchases I drop it down to 0.6%. Read More
Airbnb Bank Deposits by Solomente
Hello Group, Have a question concerning Airbnb. I am currently hosting properties I own here in the Dominican Republic. I am currently living in the USA but recently retired and plan to spend most of the year here in DR. My question is that I am ...
Any PayPal (personal or commercial) account can be linked to a Banco Popular account. Read More
Airbnb Bank Deposits by Solomente
Hello Group, Have a question concerning Airbnb. I am currently hosting properties I own here in the Dominican Republic. I am currently living in the USA but recently retired and plan to spend most of the year here in DR. My question is that I am ...
I personally link the rental PayPal account to Banco Popular. It's the only Dominican Bank with which you can retrieve funds directly from PayPal to your USD account in Banco Popular. They do charge a $15 USD fee, no matter the amount. Read More
Move in to DR by Labellediana
I鈥檓 moving to DR I want to know how I can send my car, furniture and other stuff there.
I can recommend Hispaniola freight. I work with them for my clients. Read More
Bank account minimums by Hilda1959
Does anyone know what the minimum balance you need to have in Banco Santa Cruz to keep it open?
Yeah, it varies from bank to bank. Best always to keep an eye on the online banking platform. Read More
Bank account minimums by Hilda1959
Does anyone know what the minimum balance you need to have in Banco Santa Cruz to keep it open?
I believe it to be 500 USD or Euro if foreign currency or 5,000 Pesos Dominicanos if national currency. On top of that, if there's no movement in the account for 6 months; it will be turned inactive. Read More
Buying a Used Car - Private Sale by robyg
Hi Everyone, I'm new to this site. I've been on the island for a year now and have been renting a car since. Now that we decided to stay for the long term I want to buy a car. Found a solid used car in La Romana. Private sale from a senior. ...
I charge 2,500 Dominican Pesos for a automotive sales contract. Read More
Open a Business by Barbie18
Hi Everyone! There are two things I would like to know: 1) How can a foreign get a real estate license? 2) What are the requirements to open a multi-services business in Santiago? Thanks
The options would be to form an EIRL (Empresa Individual de Responsabilidad Limitada) which is the equivalent of a Limited Liability Individual Company or an SRL (Similar to an LLC). Read More