The Direccion General de Impuestos Internos ("DGII") of the Dominican Republic issued the Norma General 04-2011 which stipulates new documentation requirements that will be enforced for fiscal years 2011 and thereafter. Norma General 04-2011 provides further regulations on transfer pricing dispositions included in Law No. 495-06 which was promulgated in 2006, introducing the concept of transfer pricing in the Dominican Republic. The arm’s length principle had been first introduced in Article 281 of the Dominican Tax Law enacted in 1992.
Norma General 04-2011 generally adhere to the arm's length principle and are in line with the guidelines issued by the Organization of Economic Cooperation and Development ("OECD"), referred to as the "OECD Guidelines".