The Colombian tax authority (DIAN) recently published Ruling 1188 of 28 September 2020, which clarifies the requirements for taxpayers to register their commodity transaction agreements. DIAN established Form No. 2573 in August 2020 for the online registration of commodity transaction agreements in relation to the transfer pricing rules for commodity transactions.
The ruling clarifies that taxpayers only need to register their commodity transaction agreements if the CUP method is used for es…