Transfer Prices in Colombia, regulations and formal obligations demanded by the DIAN
Information to declare:
Date of presentation
Technical study of the transfer prices
The taxpayer will have the faculty to attach a study or inform that documents his transfer price policy which satisfies completely all the obligations imposed by the Tax Statute to support a coherent policy.
The statute does not force its elaboration but this study is very important and useful as the taxpayer when is called by the DIAN in the administrative citation period must give all the background to support his transfer price policy. For that reason, this inform is the best instrument of tax and financial analysis to fulfill with this requirement.
At the same time, the taxpayer must take into consideration that the period given by the law to attend the citation is only one month. Therefore, it must be prepared in advance.