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General economic and financial indicators for year 2008-2009Official Exchange rate (July 2009) Inflation at year's end 2008: 4.52% (the Lowest in the last 7 years) Interest on commercial bank loans: 28-45% Mortgage loans annual interest rate: 11% > Interest paid on deposits in US dollars: 2%> of CDs above US$10,000 Interest paid on deposits in RD pesos: 6%> above RD$50,000 Minimum wage (general): $4,485.00 to 7,360 (depending upon de size of the company) Minimum wage free zones: RD$4,900 Unemployment rate 2008: 16% Credit card interest rates: 36%-84% Estimated costs: Housing: Utilities: Cost of power per household: RD$1200 > + RD$1,600 per air-conditioner Cost of telephone: RD$700 > per month basic service Cost of cellular: RD$500 per month Cost of Internet dial-up service: RD$500 per month + tax Cost of water: RD$250 per month Transportation: Cost of a vehicle: + RD$150,000 (used), RD$450,000 (new), RD$1,300,000 (luxury) Cost of a taxi: RD$150 for routes within Santo Domingo Cost of gasoline: RD$140-RD$150 per gallon Other Cost of lunch/dinner at a restaurant: RD$400> per person Cost of bilingual schools: RD$30,000 per month Cost of Spanish language schools: RD$15,000 Cost of medical appointment: RD$500-RD$2,000 (without insurance) Cost of a receptionist: RD$8,000 Cost of a translation: RD$400-RD$700 per page Income Tax for Individuals Individuals obtaining income from a Dominican source or from financial investments abroad shall pay taxes as per the following scale (Art. 296), in Dominican pesos (RD$): Income up to RD$290,243.00 annually exempt RD$290,243.01-RD$ 435,364.00 15% RD$435,364.01-RD$604,672.00 RD$21,769 plus 20% of income above RD$435,364.0 Income above RD$604,672.01 RD$55,630 plus 25% of income above RD$604,672.01 For additional information visit:
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