Country-by-Country Report

The Country-by-Country Report is a declaration where the tax information of each entity within a multinational group is reported. All taxpayers who are part of a multinational group, as well as any entity within a multinational group, are required to submit this report.

The information that must be included in the report is outlined in Norm 08-2021 on the Country-by-Country Report.

At CONTADORES DOMINICANOS, we have extensive experience in all matters related to Transfer Pricing. We can assist your company in properly submitting the Country-by-Country Report.

Who is required to submit the Country-by-Country Report?

The following taxpayers are required to submit this report:

Members of a multinational group who are tax residents in the Dominican Republic, provided that in the country of residence of the ultimate parent company there is no regulation requiring this report.
Taxpayers who are part of a multinational group that have obtained consolidated revenues for accounting purposes equal to or exceeding the threshold set by the DGII, who are the ultimate parent company and tax residents in the Dominican Republic.

Deadline:

The Country-by-Country Report must be submitted starting from the 2022 fiscal year, with the deadline being no later than twelve (12) months after the last day of the closing of the fiscal year for submitting information of the Multinational Group.

Reference:

Fiscal year-end date

December 31st

March 31st

June 30th

September 30th

Penalties for non-compliance with Transfer Pricing in the Dominican Republic:

For failing to meet the established deadline or providing false information: the penalty will correspond to the fines specified in Article 257 of the Tax Code.
Failure to fulfill formal obligations: a fine of 5 to 30 minimum wages.
Failure to submit information: the fine established for non-compliance with formal obligations will be applied, and additionally, a penalty of 0.25% of the declared income from the previous fiscal period.

Our services include:

Submission of Country-by-Country Report.