Dominican Republic: Corporate income tax return | KPMG | GLOBAL

Dominican Republic: New procedures for filing corporate income tax return

Dominican Republic: Corporate income tax return

The Dominican tax authorities issued guidance that is intended to improve tax filing procedures for the annual corporate income tax return and appendices.

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The tax agency (DGII) published General Notice No.12-17, in an effort to improve the tax filing procedures for the annual corporate income tax return (IR-2) and appendices, including the “asset tax return” (ACT) and to facilitate taxpayers’ formal obligations. Among the changes:

  • IR-2 appendices will be displayed in accordance with the economic sector to which the taxpayer belongs (i.e., eliminating the burden of going through every available appendix). Additionally, the IR-2 form will only be enabled once all the appendices have been completed.
  • As long as the taxpayer has not filed its IR-2, appendices can be modified after being filed.
  • Values placed in linked cells within the appendices will automatically appear in the corresponding cells of the IR-2 and ACT form.
  • Appendices will now calculate, automatically, the total for each input category.
  • The IR-2 is now linked with the “government withholdings report” (623 Form); thus, it will automatically cross-reference the information provided by 623 Form against the values placed on the IR-2.
  • The IR-2 is also linked with the “purchases of goods and services report” (606 Form); thus, it will automatically cross-reference the information provided against the values placed on the IR-2, and thereby creating an alert whenever the information is inconsistent between the two forms.

 

Read a March 2017 report (Spanish) [PDF 164 KB] or (English) [PDF 329 KB] prepared by the KPMG member firm in the Dominican Republic

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