This extension is intended to ensure full adherence to the Intergovernmental Agreement (IGA) signed between the US and the Dominican Republic in September 2016, which governs FATCA implementation in the country.
The Dominican Republic tax administration (DGII) announced an extension for the submission of the 2024 Foreign Account Tax Compliance Act (FATCA) report on 13 August 2025. Financial institutions now have until 31 December 2025 to submit the required information.
This extension is intended to ensure full adherence to the Intergovernmental Agreement (IGA) signed between the US and the Dominican Republic in September 2016, which governs FATCA implementation in the country.
Under the IGA, Dominican financial institutions are required to identify and report relevant account information to the US Internal Revenue Service (IRS) through the DGII. The FATCA regulations are designed to prevent offshore tax evasion by mandating the disclosure of assets held by US taxpayers in foreign institutions.
To facilitate compliance, the DGII will directly contact the designated reporting users at financial institutions through official channels, providing guidance to help meet the extended deadline.
