EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.
Recent Searches
Dominican Republic Tax Administration grants automatic extension for filing CbCR
Taxpayers covered by the Country-by-Country Report (CbCR) obligation will now have until 30 August 2024 to submit the CbCR for fiscal year (FY) 2022. On 31 May 2024, the Tax Administration issued a statement through Notice 10-24 announcing the extension for taxpayers covered by the CbCR obligations for FY 2022. The original deadline was 31 May 2024.
Background
The provisions established in General Norm 08-2021 apply to taxpayers that are the Ultimate Parent Entity (UPE) or Constituent Entity (CE) of a Multinational Group (MNE Group) with consolidated annual revenue equal to or higher than 38.8 billion Dominican pesos (DOP38.8b) (i.e., €750m according to the 2015 exchange rate established in Notice 18-22) and are tax resident in the Dominican Republic.
For additional information, see EY Global Tax Alert, Dominican Republic filing deadline approaches for Country-by-Country Report,dated 3 May 2024.
Implications
Affected UPEs and CEs of MNE Groups should take care to comply with the extended deadline and consult their tax advisors as needed.
Contact Information
For additional information concerning this Alert, please contact:
EY Dominican Republic
- Rafael Sayagués
- Ludovino Colón
- María José Luna
- Paul De Haan
- Felipe Vargas
Published by NTD’s Tax Technical Knowledge Services group; Carolyn Wright, legal editor
For a full listing of contacts and email addresses, please click on the Tax News Update: Global Edition (GTNU) version of this Alert.