Global

Details

  • Service: Tax, Global Transfer Pricing Services, Global Compliance Management Services
  • Type: Regulatory update
  • Date: 8/10/2012

Colombia - Documentation due September 2012; APA program changes 

August 10:   Recent transfer pricing guidance in Colombia provides that taxpayers subject to the transfer pricing rules must electronically submit their transfer pricing documentation for tax year 2011 to the tax authority (Dirección de Impuestos y Aduanas Nacionales—DIAN).

The date for electronically filing required transfer pricing documentation begins 3 September 2012 and concludes 14 September 2012 (according to a schedule that is based on the last digit of the taxpayer identification number).


The recent guidance—Decreto 1602 (27 July 2012)—also includes changes to the advance pricing agreement (APA) program. These changes affect the timing of an APA application (no longer required within the first three months of the year), and provide that taxpayers entering into an APA must prepare and maintain transfer pricing documentation for the transactions subject to the APA, if required by the DIAN.


Read an August 2012 report (Spanish) [PDF 104 KB] prepared by the KPMG member firm in Colombia: Recientes modificaciones a disposiciones en materia de precios de transferencia




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