10 February 2020
The Dominican Republic’s Directorate General of Internal Revenue (DGII) has issued Notice 10-20, which includes an updated list of states and territories that the DGII does not consider as having a preferential tax regime, with low/no taxation, or a tax haven (negative list). The list includes the following states and territories:
Antigua and Barbuda, Argentina, Australia, Austria, Azerbaijan, Belgium, Botswana, Brazil, Brunei Darussalam, Burkina Faso, Cameroon, Canada, Chile, China, Colombia, Cook Islands, Costa Rica, Croatia, Curaçao, Czech Republic, Denmark, Dominica, Ecuador, El Salvador, Estonia, Finland, France, Gabon, Germany, Ghana, Greece, Grenada, Guatemala, Hong Kong, Hungary, Iceland, India, Indonesia, Israel, Italy, Jamaica, Japan, Kenya, Lesotho, Luxembourg, Malaysia, Malta, Mauritania, Mexico, Micronesia, Monaco, Montserrat, Morocco, Netherlands, New Zealand, Nigeria, Niue, Norway, Pakistan, Panama, Philippines, Poland, Portugal, Russia, Samoa, San Marino, Saudi Arabia, Senegal, Seychelles, Sint Maarten, Slovakia, Slovenia, South Africa, South Korea, Spain, Sweden, Tunisia, Turkey, Uganda, United Kingdom, United States, and Uruguay.
Taxpayers resident in the Dominican Republic that carry out commercial or financial operations with residents of these states or territories will only be subject to transfer pricing obligations where the operations are with related parties. However, the DGII may partially consider a state and territory if it maintains a specific preferential or low/no tax regime, in which case a specific notice will be issued.
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