Dominican Republic: DGII publishes list of territories not considered tax heavens

13 February, 2020

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,

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Dominican Republic: DGII issues transfer pricing documentation thresholds for 2020

23 January, 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

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Dominican Republic: Executive Branch submits 2020 draft budget bill to the National Congress

04 November, 2019

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

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Dominican Republic: Public Finance Ministry presents annual budget policy 2020

19 September, 2019

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

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Dominican Republic: Government introduces new simplified tax regime for small taxpayers

20 August, 2019

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

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Dominican Republic presents fiscal transparency bill to House of Representatives

17 April, 2019

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

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Dominican Republic reissues simplified tax regime for micro-enterprises

27 February, 2019

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

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Dominican Republic: DGII updates transfer pricing brochure

18 February, 2019

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

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Dominican Republic: DGII issues transfer pricing documentation thresholds for 2019

24 January, 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

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Dominican Republic joins BEPS inclusive framework

10 October, 2018

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:

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Dominican Republic: DGI publishes guide on simplified tax procedure

16 August, 2018

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

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Dominican Republic: DGII modifies the income tax returns for legal entities

26 March, 2018

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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Dominican Republic: DGII publishes guidance on the tax on the transfer of industrialized goods and services

09 March, 2018

The Directorate General of Internal Revenue (DGII) published guidance on the tax on the transfer of industrialized goods and services (ITBIS) on 31 January 2018. The Tax on ITBIS is a general tax on consumption type value aggregate that applies to

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Dominican Republic: DGII publishes TP reporting threshold for 2018

25 January, 2018

The General Directorate of Internal Taxes (DGII) published the Transfer pricing (TP) reporting threshold for 2018 on 19 January 2018. According to the DGII, the adjusted amount that will govern for 2018 corresponds to the sum of DOP 11,015,961.

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World Bank presents proposals for improving tax collection in the Dominican Republic

17 January, 2018

A report issued by the World Bank on 17 January 2018 entitled Gearing up for a More Efficient Tax System in the Dominican Republic presents proposals for raising the level of tax collection. The report notes that tax is lost to a greater extent than

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Dominican Republic: DGII publishes the sixth version of the transfer pricing information

01 October, 2017

Recently, the Dominican Republic Tax Authorities (DGII) published the 6th version of the transfer pricing information return (DIOR) through its virtual platform. The content of the form has been simplified to guarantee the accuracy and organization

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Sweden-Dominica TIEA enters into force

26 July, 2017

On 1 August 2017, The Tax Information Exchange Agreement (TIEA) between Sweden and Dominica will enter into force. The agreement generally applies from 1 August 2017 for criminal tax issues and from 1 January 2018 for all other tax

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Dominican Republic: New facility for taxpayers to make payments to online accounts

07 May, 2017

On 24 April 2017, the Directorate-General for Internal Taxation (DGII) introduced the online "Payments to account", which explains to companies and individuals their tax obligations and the due date for payment of the tax and enables them to make

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