TRANSFER PRICING INFORMATIVE RETURN FORM TO BE FILED IN SEPTEMBER 2018
Corporate Income Tax
Through Resolution No.000002 of 2018, the Colombian Tax Administration issued the Transfer-Pricing Return for 2018
Section 260-9 of the Colombian Tax Code establishes that taxpayers with operations with related party abroad or located in free trade zones have to agree the terms at fair market value and according to the transfer pricing regime.
Transfer Pricing Regime establishes that taxpayers with a wealth higher than COP 3.185.900.000 or income higher than COP 1.943.399.000 must comply with the Transfer-Pricing Return for Informative Purposes.
For this end, by means of its Resolution No.000002 of 2018, the Colombian Tax Authority enabled Form No. 120 to comply with this formal tax liability. The due date to file this return is between September 11th and 24th depending on the last number of the Tax Identification Number.