New official deadline
The Internal Revenue Service (SRI), through Resolution NAC-DGERCGC25-00000012 published on June 7, 2025, extended the deadline for filing the Annex on Related Party Transactions and the Comprehensive Transfer Pricing Report for the 2024 fiscal year. Now, both documents may be submitted until September 2025, following the monthly due date schedule, according to the ninth digit of the taxpayer’s RUC.
Who does the extension apply to?
- Those who have carried out transactions with related parties for more than USD 3 million are required to file the Annex on Related Party Transactions.
- If the amount exceeds USD 10 million, they must also file the Comprehensive Transfer Pricing Report.
Purpose of the extension
This extension seeks to provide greater compliance capacity, especially for complex or multinational structures, and is established in line with principles of efficiency, simplification, and adequate collection.
Possible penalties
Although the deadline is generous, the SRI warns of possible penalties of up to USD 15,000 for late filing, incomplete filings, or inconsistencies between the documents submitted and the income tax return.
Recommendations from TPC Group
- Plan ahead: Begin your functional and economic analysis without waiting until September.
- Check thresholds: Monitor accumulated amounts with related parties to determine obligations.
- Ensure consistency: Ensure alignment between financial statements, annexes, and tax returns.
- Minimize risks: Review possible inconsistencies before filing to avoid penalties.
Call to action
TPC Group has a team specializing in Transfer Pricing in Ecuador and the region. Contact us today to structure your Comprehensive Report and Annex operating under the standards of the Arm’s Length Principle and avoiding tax contingencies.
Write to us at contacto@tpcgroup-int.com.
Source: NMSLaw