The Colombian tax authority (DIAN) has published two draft resolutions on the submission of Form 120 (informative transfer pricing return), Country-by-Country (CbC) report notifications, and Local and Master files via DIAN's electronic information service.
The first draft resolution sets out the procedure for the submission of Form 120, including the required details on transactions with foreign related parties, with related parties in free-trade zones, and with any parties, related or not,…