Dominican Republic: Taxpayer ID inactivated for company’s transformation, adaptation failure

Taxpayer ID inactivated for company’s transformation

The tax authority (DGII) in the Dominican Republic issued a general notice—No. 26-2016 (26 September 2016)—that allows a period of six months for companies to file documents that demonstrate that the company has complied with the rules for company transformation or adaptation in accordance with Law No. 479-08.

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The six-month period begins 26 September 2016. Companies that fail to comply—that is, those companies incorporated before 19 July 2009, and that have not been transformed or adapted in accordance with Law No. 479-08—will have their taxpayer registry number (R.N.C.) rendered inactive. An inactive taxpayer registry number means the company cannot comply with its tax obligations, affects the ability to obtain documents (e.g., certificates) from the DGII, results in a denial of access to the platform used for issuing tax receipt numbers (N.F.C.), and may result in the application of penalties or other administrative sanctions. 

 

Read an October 2016 report (Spanish) prepared by the KPMG member firm in the Dominican Republic

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