Dominican Republic: DGII issues notices to extend tax payment relief due to COVID-19 pandemic
The Directorate General of Internal Revenue (DGII) issued Notice 76-20, which provides extension of the tax payment relief previously given by Notice 36-20 due to COVID-19 pandemic. Notice 36-20 extends the tax payments by three months, which were
See MoreDominican Republic: The DGII extends corporate tax return deadline
On 15 July 2020, the Directorate General of Internal Revenue (DGII) released a Notice 80-20 to announced that the submission deadline of corporate tax return and payment of tax for the tax year closed 31 March 2020 is extended until 31 August 2020.
See MoreDominican Republic: DGII announces further extension of the tax filing deadlines obligations
On 21 June 2020, the Directorate General of Internal Revenue (DGII) announced to extend the submission deadlines of tax return of both legal entities and individual until 29 July 2020 for the fiscal year closed 31 December 2019. Similarly, the DGII
See MoreDominican Republic: DGII grants new facilities to taxpayers due to COVID-19 impact
On 12 April 2020, the General Directorate of Internal Taxes (DGII) approved new tax relief measures in response to coronavirus outbreak. This includes: the submission due date of Form IR-17 or other withholding and complementary remuneration,
See MoreDominican Republic: DGII announces TP return deadline extension amid COVID-19 pandemic
The Tax Authority has also announced about deadline extension of information return for related party transactions. Under the tax authority, the due date of information return for related party transactions is to be extended from 30 March 2020 to
See MoreDominican Republic: Tax Authority implements tax reliefs due to coronavirus outbreak
On 23 March 2020, the Tax Authority (DGII) implemented tax measures for providing tax relief during the COVID-19 outbreak. This includes: Due date for submitting and paying obligations regarding income tax and the simplified tax regime is to be
See MoreDominican Republic: DGII publishes list of territories not considered tax heavens
The Directorate General of Internal Revenue (DGII) issued Notice 10-20 regarding an updated list of States that are not considered tax heaven or preferential tax regimes. The list includes the following territories: Antigua and Barbuda,
See MoreDominican Republic: DGII issues transfer pricing documentation thresholds for 2020
On January 15, 2020, Directorate General of Internal Revenue (DGII) published the Transfer pricing (TP) reporting threshold for 2020. The related party transaction threshold for transfer pricing reporting purposes in 2020 is DOP11,552,402. The
See MoreDominican Republic: Executive Branch submits 2020 draft budget bill to the National Congress
On 1st October 2019, the Executive Branch sent 2020 draft budget bill to the National Congress the 2020 draft budget bill for its knowledge, discussion and approval. The bill proposes measures to extend the rules on interest deduction and
See MoreDominican Republic: Public Finance Ministry presents annual budget policy 2020
On 10 September 2019, the Ministry of Public Finance presented an annual budgetary proposal for the year 2020 and sent it to the Executive Branch to take it into account for the annual budget. It covers financial activities, excise duty on alcohol
See MoreDominican Republic: Government introduces new simplified tax regime for small taxpayers
The Dominican Republic published Presidential Decree No. 265-19 of 1 August 2019, which introduces a new simplified tax regime (RST) for small entities. This previous simplified tax regime is canceled and RST is applicable for both legal and
See MoreDominican Republic presents fiscal transparency bill to House of Representatives
On 19 March 2019, Dominican Republic’s Committee of Public Finance proposed a bill on fiscal transparency in the House of Representatives. The main purpose of this bill is to public disclosure of high quality fiscal data & information
See MoreDominican Republic reissues simplified tax regime for micro-enterprises
On 23 January 2019, The Dominican Republic’s Directorate General of Internal Revenue (DGII) announced a proposal to reissue the simplified tax regime for micro-enterprises. The regime would be available for businesses with revenue up to USD171,825
See MoreDominican Republic: DGII updates transfer pricing brochure
On 7 February 2019, The Dominican Republic’s Directorate General of Internal Revenue (DGII) published online brochure to update guidance on transfer pricing. The brochure makes a number of following changes on transfer pricing: Reporting
See MoreDominican Republic: DGII issues transfer pricing documentation thresholds for 2019
On 17 January 2018, Directorate General of Internal Revenue (DGII) published the Transfer pricing (TP) reporting threshold for 2019. The DGII has issued Notice 8-19, which prescribes related party transaction threshold for transfer pricing reporting
See MoreDominican Republic joins BEPS inclusive framework
On 8 October 2018, the OECD announced that The Dominican Republic joined the Inclusive Framework on BEPS. As a member of the Inclusive Framework on BEPS, Dominican Republic will monitor implementation of the following four BEPS minimum standards:
See MoreDominican Republic: DGI publishes guide on simplified tax procedure
On 19 June 2018, the Directorate General of Internal Revenue (DGII) issued Guide No. 24 for individuals and legal entities wishing to qualify for the simplified tax procedure (PST). The Simplified Tax Procedure (PST) is a special regime that
See MoreDominican Republic: DGII modifies the income tax returns for legal entities
With effect from 21 September 2017, the Dominican Tax Administration (DGII) has requested all companies and entities, such as trusts, mutual funds and similar entities, to identify their respective ultimate beneficial owners pursuant to Law 155-07
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