United States and Dominican Republic sign new tax information sharing agreement

The United States and the Dominican Republic government have signed an agreement for the implementation of the Foreign Account Tax Compliance Act, known by its acronym as FATCA. The agreement was signed by Dominican Minister of the Treasury and IRS Donald Guerrero and US Ambassador James Brewster.

The agreement FATCA – IGA 1 establishes the sharing of financial information on Dominican and US residents and citizens for tax transparency. In addition, this agreement provides mutual assistance in tax matters, based on an effective infrastructure that enables the automatic exchange of data.

[September 2016]