Transfer Pricing Obligations for 2022

February 4, 2022

Through the provisions established in the Miscellaneous Tax Resolution for 2022 and its Annex 19, administrative facilities were established to comply with transfer pricing for the 2021 tax year.

Those taxpayers that are required to file the information on their tax situation (ISSIF) may not include the “information on transactions with related parties” and “information on their transactions with related parties” as long as they are filed by September 30, 2022.

Taxpayers that have opted or are obliged to file the Tax Opinion, which corresponds to Annex 9 of the DIM (Declaración Informativa Múltiple – Multiple Informative Declaration) for the 2021 tax year, with a deadline of July 15, 2022. On that same date, they will be able to file the Local Informative Declaration.

Those taxpayers that do not file their financial statements for tax purposes may file Annex 9 of the DIM for the 2021 tax year with a deadline of July 15, 20222, as long as there is consistency with the information declared according to article 76-A of the Income Tax Law.

Finally, any taxpayer is required to file the Local Informative Declaration until December 31, 2022, under the LIRS in force.

Source: Tax Notes 03/02/22