PROCEDURE TO FILE INFORMATIVE TRANSFER PRICING RETURN
By means of Resolution No. 0000040 of 2018, the Tax Administration established the procedure to file the Informative Transfer Pricing Return of taxable year 2017 or fraction of the taxable year 2018
Article 260-9 of the Colombian Tax Code establishes that Colombian taxpayers with operations with related parties abroad or located in free zones, have to agree the terms at fair market values and according to the transfer pricing regime.
For taxable year 2017, taxpayers with a wealth of more than COP 3,185,900,000 or income greater than COP 1,943,399,000 must file the Informative Transfer Pricing Return before the Tax Administration.