The Colombian Tax Authority (DIAN) has published a revised Form 120 (informative transfer pricing return) to be filed in respect of the 2017 tax year. One of the main changes in Form 120 is the addition of a new section on the first page, Notification - Country-by-Country (CbC) Report. This includes information on whether the entity is a member of an MNE group, if the group is obligated to prepare a CbC report, whether the entity is the ultimate parent or surrogate parent, details of the rep…