The Dominican Republic continues to take firm steps towards aligning its Transfer Pricing obligations with OECD standards.
Although the Dominican Republic is not an active member of the OECD, it has amended its Transfer Pricing Regulations (Executive Order 78-14) to include BEPS standards in its mandatory Transfer Pricing filings. Supporting this initiative, an extension has been granted until January 31, 2025, for the first submission of the Country-by-Country Report (CbCR) for fiscal year 2023.
Those subjected to the CbCR are the ultimate parent entities with consolidated revenues equal to or greater than RD$38,800,000,000.00, as indicated by General Ruling N° 08-21.
A Reporting Online Site has been enabled for ultimate parent entities that are tax residents in the Dominican Republic or any designated constituent entity to submit the Country-by-Country Reports to the General Directorate of Internal Taxes (DGII, from Spanish).