Dominican Republic (DO)

Jurisdiction Overview

IDQuestionAnswer
273 *Are annual accounts submitted to a public authority? Unknown
 Data Date: 2019

Notes

 
The Global Forum mentions requirements for companies to file accounts with the tax authorities. However, it is not clear if the requirements apply to all entities including limited partnerships, and there are also difficulties with compliance. The Global Forum reports: "The 2016 Report found that there was no system of oversight in place to monitor entities’ compliance with the obligations to maintain accounting information under the Commercial Entities Law, and thus companies registered with the Mercantile Register but not with the DGII [National Internal Tax Directorate] were not subject to any supervision. [...]. Since the 2016 Report, the Dominican Republic took several measures to address this gap, notably by improving crosschecking mechanisms and the interconnection between the Mercantile Registry and the Register of Taxpayers, and by introducing new sanctions for legal entities and arrangements which failed to renew their business certificate with the Mercantile Registry (see A.1.1). " (GF 2019: 57; [TJN's Note]).

Sources

GF 2019: 55