The Dominican Republic's Directorate General of Internal Revenue (DGII) has published Decree No. 256-21 of 20 April 2021, which amends the transfer pricing regulations established by Decree No. 78-14 of 14 March 2014. The amendments are generally meant to bring the regulations in line with the outcomes of the OECD BEPS project. This includes:
- New rules on performing a comparability analysis in line with OECD standards in terms of:
- contractual terms;
- functions performed, assets used, and ri…