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Dominican Republic Consulting on New Transfer Pricing Rules Including CbC Reporting

09 March 2021

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Proposed Changes

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Dominican Rep

The Dominican Republic's Directorate General of Internal Revenue (DGII) has announced the launch of a public consultation on a draft decree to amend the transfer pricing regulations, including in relation to the country's commitments as a member of the BEPS Inclusive Framework. Key changes include: Updated rules on performing the comparability analysis and the applicable transfer methods in line with OECD guidelines; Revised requirements for the Informative Return for Transactions with Related Parties (DIOR); New requirements for the submission of Country-by-Country (CbC) reports from the 2021 reporting fiscal year, including secondary local filing requirements, with the reporting threshold to be...