As per an update to the IRS  Country-by-Country Reporting Jurisdiction Status Table, the US has initiated negotiations with the Dominican Republic for a competent authority arrangement concerning the exchange of Country-by-Country (CbC) Reports.

This arrangement will be based on the 1989 tax information exchange agreement between the two nations and must be finalised and signed before going into force.

Country-by-country reporting data is exchanged pursuant to bilateral competent authority arrangements (CAAs), which rely on double taxation conventions, tax information exchange agreements, or the Convention on Mutual Administrative Assistance in Tax Matters that permit automatic exchanges of information.

This table includes those jurisdictions that are in negotiations for a CAA with the US, have satisfied the United States’ bilateral data safeguards and infrastructure review, and have consented to be listed.

The table also includes jurisdictions with which the IRS and the jurisdiction’s competent authority have signed a CAA.