Procedure for filing of the Informative Return of the Transfer Pricing Regime 

DIAN introduced a draft of the resolution that sets the procedure for the filing of Informative Return— Form 120—, under Transfer Pricing Regime for the tax years 2015 and 2016


The 20th of May, 2016, the Tax Authority proposed a draft resolution by which the procedure for the filing of the Informative Return under the Transfer Pricing Regime— Form 120—, is determined. In the proposed resolution, the procedure, content and technical characteristics with respect to the return and its submission have been set.

The obligation shall be complied by submitting the return through the electronic information services held by DIAN, and the steps that need to be followed by the taxpayer in order to properly present the return are described. In addition, it is established which is the information that must be provided by the taxpayers and a series of considerations that should be taken into account for avoiding late filing of the return.