We remind our subscribers that the following tax obligation is due in June 2019:
Filing the Transfer Pricing Report:
Those subject to income tax who carry out transactions with related parties, and who are not exempt from the transfer pricing regime, must submit the Transfer Pricing Report and annexes as follows:
- Annex of Operations with Related Parties: will be filed if transactions totaling more than USD 3 million have been made with related parties in a same fiscal year. The annex must be filed and sent via the website of the Internal Revenue Service.
- Transfer Pricing Report: will be filed if the amount exceeds USD 15 million. The Report must be submitted at the offices of the Internal Revenue Service in digital format as a PDF-text, on a non-rewritable CD.
Both obligations must be completed “within two months of the due date of the income tax return”, i.e. by June.