Dominican Republic Sets Minimum Wage and Social Security Contribution Basis Caps
The Dominican Republic's Social Security Treasury has issued Resolution No. 01-2024, which sets the national minimum wage and contribution basis caps for social security purposes. The national minimum wage is DOP 19,352.50 and, based on this, the contribution basis caps are as follows
- Occupational (labor) risks insurance - DOP 77,410.00 (4 times minimum wage);
- Family health insurance - 193,52…