This article will explain who is required to file the Transfer Pricing Study in Colombia.
First, it is necessary to understand what makes up the Transfer Pricing Study. The following is below.
Documentation or reports comprising Transfer Pricing in Colombia
- Information Statement (Form 120)
- Local Report (Form 1729),
- Master File (Form 5231)
- Country by Country Report.
¿ Who Is Required to File Transfer Pricing in Colombia?
| Report | Correspond |
| Information Statement | Taxpayers with gross equity for the year equal to or greater than 100,000 Tax Value Units or gross income exceeding 61,000 Tax Value Units, in addition to carrying out transactions with economic-related parties domiciled abroad, in Free Trade Zones, or permanent establishments. |
| Local Report and Master File | Taxpayers complying with the criteria established to file the Information Statement and who additionally perform transactions exceeding 45,000 Tax Value Units. |
| Information Statement | Taxpayers being Parent Company, who have consolidated income exceeding € 750,000,000, or members residing in Brazil who, as the parent company, must not file the CbC Report. |
