Dominican Republic Following OECD Guidelines on Currency Fluctuations for Country-by-Country Reporting Threshold

The Dominican Republic's Directorate General of Internal Revenue (DGII) has issued Notice 18-22 regarding the obligation to file a Country-by-Country (CbC) report as per General Standard (Norm) No. 08-2021 and General Standard (Norm) No. 08-2022. The Notice includes that the filing requirement in the Dominican Republic will be applied in line with the OECD guidelines in relation to currency fluctuations. The guidelines essentially provide that in situations where reporting thresholds vary…