Dominican Republic: Publishes new processes for filing corporate income tax return

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The Dominican tax authorities issued new guidance that is intended to improve tax filing procedures for the annual corporate income tax return and appendices. The tax agency (DGII) published General Notice No.12-17, in an effort to improve the tax filing procedures for the annual corporate income tax return (IR-2) and appendices, including the asset tax return and to facilitate taxpayers’ formal obligations.

The changes are discussed in below:

1)The annual corporate income tax return (IR-2) appendices will be displayed in accordance with the economic sector to which the taxpayer belongs (i.e., eliminating the burden of going through every available appendix). Additionally, the IR-2 form will only be enabled once all the appendices have been completed.

2)As long as the taxpayer has not filed its IR-2, appendices can be modified after being filed.

3)Values placed in linked cells within the appendices will automatically appear in the corresponding cells of the IR-2 and ACT form.

4)Appendices will now calculate, automatically, the total for each input category.

5)The IR-2 is now linked with the government withholdings report (623 Form); thus, it will automatically cross-reference the information provided by 623 Form against the values placed on the IR-2.

6)The IR-2 is also linked with the purchases of goods and services report (606 Form); thus, it will automatically cross-reference the information provided against the values placed on the IR-2, and thereby creating an alert whenever the information is inconsistent between the two forms.

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