On September 13, the Internal Revenue Service (SRI) reformed certain provisions concerning the Annex of Related-Party Transactions and the Comprehensive Transfer Pricing Report.
In the main, income taxpayers -who are not exempted from the application of the transfer pricing regime- that within the same tax period have carried out transactions with related parties for an amount exceeding US$ 3,000,000, must file the Schedule of Transactions with Related Parties.
If the amount exceeds US$10,000,000, income taxpayers shall also file the Comprehensive Transfer Pricing Report.
For more information, do not hesitate to contact our Tax Practice Partner, Iván García (email@example.com).
This publication contains information of general interest and does not constitute legal opinion on specific issues. Any analysis will require legal advice from the Firm.