According to a statement release from the Superintendence of Tax Administration -SAT-, as of September 2020, it will be initiating the audit process regarding Transfer Pricing for the fiscal period 2019. The mentioned process will begin with the first request for information, which will be sent to taxpayers that have carried out transactions with related parties abroad during that period. The above implies the presentation of the Transfer Pricing Study for the 2019 tax period.
In previous years, SAT has requested in the first requirement, a CD that must contain the Study in mention, financial statements of the taxpayer and the comparables, among other information, granting a term of twenty (20) business days for the compliance of what is indicated in such requirement.
