The amendments modify current transfer pricing regulations and require taxpayers to file the country-by-country report and notification, master file and local file. On 21 April 2021, the Dominican Republic’s Tax Administration (DGII) issued Decree 256-21 (the Decree), which modifies Articles 5, 7, 10 and 18 of the transfer pricing regulations established by Decree No. 78-14 of 14 March 2014. The Decree is effective 1 January 2021.BackgroundIn October 2018, the Dominican Republic joined the Organisation for Economic Co-operation and Development’s Inclusive Framework of the Base Erosion and Profit Shifting (BEPS) project. As a result, the Dominican Republic committed to implementing the...