Colombia's Ministry of Finance has published a draft decree for public comment that sets out detailed requirements for the country's new transfer pricing regime, which was introduced as part of Law No. 1819 of 2016 ({News-2016-12-30/A/2-previous coverage}). The period for comment runs from 11 to 25 August 2017.
Local File, Master File, and CbC Report
One of the main aspects of the new regime is the introduction of the three-tiered documentation requirements developed as part of BEPS Acti…