Colombia: New deadlines for transfer pricing documentation

Informative declaration, CbC notification, Local file, Master file, CbC report

Informative declaration, CbC notification, Local file, Master file, CbC report

Decree 2229 of 22 December 2023 established new deadlines for submitting the various required forms of transfer pricing documentation (i.e., informative declaration, country-by-country (CbC) notification, Local file, Master file, and CbC report) for tax year 2023 and later, which now fall between the 7th and 16th business day of September of the corresponding year.

This represents a significant change given that, in previous years, the deadlines for submitting transfer pricing documentation fell in December.

Note that taxpayers who are not required to submit an informative declaration but are part of a multinational group must submit a CbC notification, which like the CbC report, is due the 10th business day of December.

Read a January 2024 report (Spanish) prepared by the KPMG member firm in Colombia



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