Dominican Republic: Status of multilateral agreement | KPMG | GLOBAL

Dominican Republic: Status of multilateral agreement, exchange of tax information

Dominican Republic: Status of multilateral agreement

An agreement or convention for mutual administrative assistance in tax matters, signed by the Dominican Republic in June 2016, is pending review by the Dominican Constitutional Court and the Congress. Because the convention has not yet been approved, it is not expected to enter into force before the first trimester of 2017.

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The convention provides for all forms of administrative assistance in tax matters—including the exchange of information on request, spontaneous exchange, automatic exchange, tax examinations abroad, simultaneous tax examinations, and assistance in tax collection. The aim is to foster a more transparent environment. The convention thus is viewed as an instrument for implementation of new standards for the automatic exchange of financial account information in tax matters. 

 

Read an October 2016 report [PDF 326 KB] prepared by the KPMG member firm in the Dominican Republic

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