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Dominican Republic signs Multilateral Competent Authority Agreement for automatic exchange of transfer pricing information

13 September 2023

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Tax Alerts, Information Reporting, Legis...

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Dominican Rep

The Dominican Republic signed the multilateral competent authority agreement on the exchange of Country-by-Country (CbC) Reports as part of its commitment to the Organisation for Economic Co-operation and Development/G20 Inclusive Framework on Base Erosion and Profit Shifting.Exchanging information in CbC Reports will provide the Tax Administration with more information on transfer pricing matters.On 6 July 2023, the Dominican Republic signed the "Multilateral Competent Authority Agreement on the Exchange of Country-by-Country Reports" (CbC MCAA).BackgroundIn October 2018, the Dominican Republic joined the Inclusive Framework of the Organisation for Economic Co-operation and Development (OECD) and the G20 for the Base Erosion and Profit...