Globalisation has allowed
world economy levels to increase, but this makes it more difficult for tax
jurisdictions to establish suitable taxation for their taxpayers.
Like never before, information
technology has become a spectacular tool in order for interaction between two
or more countries to be carried out easily and effectively, removing borders in
the area of international business.
Faced with this new global
environment, taxing international transactions is vital for each tax
jurisdiction, and one of the most important tools available today for achieving
this objective consists of regulations on the matter of so-called Transfer Pricing
intended to ensure that transactions carried out within Multinational Groups
(operations between related parties) are performed under market conditions and,
consequently, are not aimed at affecting the fair assignation of profits
between the parties involved.
There are now more than 100
countries worldwide which already have regulations on Transfer Pricing, which
are mostly in line with the OECD guidelines. Colombia is one of those
Transfer Pricing reports in
Colombia are an obligation for companies located in the country that carry out
transactions with related parties residing abroad and were enacted in Colombian
legislation several years ago. Nowadays, the Tax Statute and Decree 3030 from
the year 2013 are their cornerstone.
At Auren, we have developed a
team of professionals which, for more than 10 years, has been advising clients
not only on how to comply with the aggressive regulations implemented in
Colombia through the DIAN, but on how to defend themselves in the event of an
additional determining of taxes as a result of a valuation imposed by the local
Our preventive diagnosis
allows clients to design their transfer pricing policy whereby the annual
reports to be submitted to the DIAN are supported by a previously validated
guideline, making the fulfilment of the Colombian regulations easy and secure.
Our experts are here to serve
you in order to evaluate and find the best solution for each specific case,
regardless of the complexity of the transaction performed between the related
parties of the business group.
Then let’s talk. Call us, write us a
Email or ask us for an appointment.