The Superintendence of Tax Administration -SAT- started the transfer pricing audit process for the 2020 tax period. The aforementioned process begins with the sending of the first request for information to taxpayers that have carried out operations with related parties abroad during said fiscal period.
The above, implies the presentation of the Transfer Pricing Study in a non-rewritable CD, accompanied by the Financial Statements of the taxpayer as well as the set of comparable companies used, charts and graphs included in the study, among other information corresponding to the fiscal period 2020, granting a maximum term of twenty (20) business days for the presentation of such information before SAT.
