21 October 2021
The Dominican Republic's Directorate General of Internal Revenue (DGII) has published General Standard (Norm) No. 08-2021 on Country-by-Country (CbC) reporting, which is dated 5 October 2021. The final general standard is largely in with the draft consulted on earlier in the year.
The requirement to submit a CbC report was introduced in the Dominican Republic by Decree No. 256-21 of 20 April 2021 with effect from the 2022 reporting fiscal year, although the specific rules for the application of the requirement were not provided in that Decree. The specifics are provided by the general standard, including the following key points:
The general standard also provides templates for the CbC report, including the three standard tables in line with OECD guidelines, along with instructions. Lastly, it is provided that the DGII will establish the format for the submission of the CbC report, as well as the method of submission.
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