TPC Group Launches Its Book “Transfer Pricing in Chile and Latin America”

July 17, 2025

A Launch with a Technical and Regional Approach

On July 14, 2025, TPC Group held the official launch event for the book “Transfer Pricing in Chile and Latin America,” a reference work written by Carlos Vargas Alencastre, founding partner and CEO of TPC Group, and Juan Pizarro Bahamondes, chairman of the Tax Commission of the Chilean Association of Accountants, director of Tax Capital Advanced, and partner at TPC Group. 

Image: Book “Transfer Pricing in Chile and Latin America” (First edition – 2025) 

Source: Hired photographer  

During the event, Carlos Vargas Alencastre emphasized: 

“This book was inspired by the need to address tax sustainability as a central focus of tax planning, particularly around the region that has increasingly stringent regulations.” 

Image: Carlos Vargas Alencastre

Source: Hired photographer  

Image: Carlos Vargas Alencastre and Juan Pizarro Bahamondes during the launch event.

Source: Hired photographer 

Reflections from the Authorities, Academia, and Business  

The event featured prominent national tax commentators, who enriched the analysis: 

  • Manuel Saavedra Cárdenas, Head of the Department of International Risk Analysis and Business Groups at the SII (Servicio de Impuestos Internos – Internal Revenue Service), stated: 

“From the tax administration’s perspective, we want taxpayers to understand that Transfer Pricing obligations are not merely formalities but part of ensuring tax fairness.” 

  • Soledad Recabarren G., Chairwoman of the Tax Commission of the Bar Association, highlighted: 

“Transparency and adequate support for Transfer Pricing studies are now essential requirements for more technical and specialized auditing.” 

  • Antonio Faundez Ugalde, Doctor of Law and Professor of Tax Law at the PUCV (Pontificia Universidad Católica de Valparaíso – Pontifical Catholic University of Valparaíso), noted: 

“The Chilean regulatory framework has evolved and now requires a more robust legal and economic basis for related-party transactions.” 

  • Pablo Hernández Bustos, Head of Taxes & Report de DP World Chile, added: 

“The private sector needs clarity, but also technical flexibility to adapt to these new obligations without losing operational efficiency.” 

Image: Presentation and technical dialogue during the launch event 

Source: Hired photographer  

A Technical and Up-to-Date Work for Current Challenges

The book contains 13 chapters and four case studies that analyze the approaches adopted by several Latin American jurisdictions in terms of auditing, filing thresholds, tax haven transactions, and documentation requirements (such as the Benefit Test). Additionally, it includes a compilation of recent circulars and resolutions issued by the Chilean SII. 

The launch emphasized the importance of solid documentation and detailed functional analysis, considering that many tax administrations are increasing the technical review of intercompany transactions. 

As Juan Pizarro Bahamondes said: 

“In this book, we do not just look at the law but also how companies should get prepared to be audited under a new standard of reasonableness and economic substance.” 

Conclusion

The launch presented is an essential tool for professionals, companies, and tax authorities. As Carlos Vargas Alencastre stated: 

“The defense of Transfer Pricing studies is not solely based on charts or methods but on a consistent, documented, and legally valid economic narrative.” 

Source: Prepared by the author based on the launch event for the book “Transfer Pricing in Chile and Latin America,” TPC Group, July 2025. 

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