Dominican Republic

Corporate - Other issues

Last reviewed - 07 July 2020

United States (US) Foreign Account Tax Compliance Act (FATCA)

In December 2016, the Dominican Republic and United States signed an intergovernmental agreement (IGA) to improve the international tax compliance regarding FATCA, which is supported by a previous signed agreement between the United States and Dominican Republic referred to as ‘Tax Information Exchange Agreement’. Additionally, local financial entities signed a bank information exchange agreement with the US income tax authorities on 15 July 2014.