The deadline is Fast Approaching for Preparing Transfer Pricing Documentation

As of January 01, 2019 taxpayers have an obligation to prepare robust and detailed documentation, proving all related transactions between related companies within the same group. Any difference between transfer price and arm’s length price will result with an adjustment of taxable profits for CIT purpose. Taxpayers are obliged for the first time in 2020, to submit to the Public Revenue Office the Transfer Pricing Report, along with the CIT return not later than February 28th that is March 15th for electronic submission.



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