Country-by‑Country Reporting – Compilation of 2026 Peer Review Reports

Dominica

Overview of CbC reporting requirements

First reporting fiscal year: Commencing on or after 1 January 2025

Consolidated group revenue threshold: USD 850 million

Filing deadline: 12 months following the end of the reporting fiscal year

Local filing required: Yes

Surrogate parent entity filing permitted: Yes

First review of the domestic legal framework: 2025/2026

Summary of recommendations

 

Area of implementation	Recommendations for improvement
Domestic legal and administrative framework	Dominica has a legislative requirement for local filing which is in effect despite Dominica not yet meeting all of the consistency, confidentiality and appropriate use conditions. It is therefore recommended that Dominica take steps to ensure that local filing only occurs in the circumstances permitted under the minimum standard.
Exchange of information framework	None.
Appropriate use	It is recommended that Dominica take steps to ensure that the appropriate use condition is met ahead of the first exchanges of information.

The domestic legal and administrative framework

Dominica’s 2019-2020 peer review included a recommendation that Dominica take steps to implement a domestic legal and administrative framework to impose and enforce CbC reporting requirements.

Dominica has introduced a CbC reporting filing requirement which applies to all Ultimate Parent Entities of MNE Groups above certain threshold, and which requires inclusion of all constituent entities and so this recommendation is removed.1

A CbC reporting filing obligation applies in Dominica for fiscal years commencing on or after 1 January 2025 and filing is required 12 months after the reporting year end.

Dominica has enforcement requirements to ensure compliance with rules on CbC reporting.

Dominica has a legislative requirement for local filing which is in effect despite Dominica not yet meeting all of the consistency, confidentiality and appropriate use conditions. It is therefore recommended that Dominica take steps to ensure that local filing only occurs in the circumstances permitted under the minimum standard.

Dominica’s domestic legal and administrative framework meets all other terms of reference.

The exchange of information framework

Dominica’s 2019/2020 peer review included a recommendation that Dominica take steps to have qualifying competent authority agreements in effect with jurisdictions of the Inclusive Framework that meet the confidentiality, consistency and appropriate use conditions and with which Dominica has an international exchange of information agreement in effect that allows for the automatic exchange of tax information. Dominica has now activated relationships under the Multilateral Competent Authority Agreement for exchanging CbC reports, and this recommendation is removed.

Dominica’s 2019-2020 peer review included a recommendation that Dominica take steps to implement the necessary processes or written procedures to ensure that the exchange of information is conducted in a manner consistent with the terms of reference relating to the exchange of information framework. These processes are now in place and this recommendation is removed.

Appropriate use of CbC reports

Dominica does not yet have controls in place to ensure the appropriate use of CbC reports.

It is recommended that Dominica take steps to ensure that the appropriate use condition is met ahead of the first exchanges of information. This recommendation remains in place since the 2019/2020 peer review.

Note

← 1.  https://ird.gov.dm/international-tax/country-by-country-reporting