By: Ara-Law Abogados
On Monday, June 5th, 2017, Resolution No. DGT R 28 2017 was published in the Official Newspaper Number 124 “The Gazette”, and establishes the submitting of the Transfer Pricing statement was deferred.
The companies that has a mandatory obligation to submit the respective statement are the Big Taxpayers, the Big Territorial Enterprises and the companies hosted by the Free Trade Zone Regime.
The resolution does not establishes a specific date for the submission of the statement, just indicates that the Tax Authority will notify the taxpayers the date for the future submission at least 3 months in advance.
Finally, although the Transfer Pricing statement should no longer be submitted on June 30th, 2017, the Big Taxpayers, the Big Territorial Enterprises and the companies benefiting from the Free Trade Zone Regime, as well as any other company that has relations with related parties, must have the study of transfer prices, which can be requested by the Tax Authority at any time, with the application of severe fines in case of not having it.
If you have any questions about transfer pricing obligations in Costa Rica, contact our members Ara-Law Abogados.