The Tax Agency (DGII) alerts that on 31 March 2017 it will deactivate the tax code (RNC) of businesses that are not up to date with the 2008 corporate law that changed company structures. The RNC is needed to write off company expenses, file taxes and carry out legal transactions.
The DGII has required that companies change to new formats set out by Corporate Law 479-08 and its amendment Law 31-11. While the laws established fixed deadlines for adapting to the 2008 corporation law, many companies have not yet done. The DGII until now had been lax about enforcing the law.
Read more in Spanish about required documentation to comply with the corporation laws.
Read more in Spanish:
DGII
20 March 2017
