Extension of the Deadline for Transfer Pricing Declarations – Addval Extension of the Deadline for Transfer Pricing Declarations – Addval

Extension of the Deadline for Transfer Pricing Declarations

Attention taxpayers! The Internal Revenue Service (SII) has announced an extension for the submission of transfer pricing declarations for forms 1907, 1937, 1950, and 1951.

  1. Key Points:New Deadline: Declarations for the previous year’s transactions can be submitted until September 30, 2024.
  2. Affected Forms:
    • Form 1907: Transfer Pricing Declaration.
    • Form 1937: Country-by-Country Report.
    • Form 1950: Annual Master File Declaration.
    • Form 1951: Annual Local File Declaration. 
  3. Extension Request: Submitting declarations between July 1 and September 30 will be considered as a request for an extension.
  4. Audit Deadline Extension: The extension will also extend the audit period under the same terms.
  5. Notification and Application: The SII will notify taxpayers granted an extension in October, and this resolution will apply from July 1, 2024, onward for future tax years.

Take advantage of this opportunity to fulfill your tax obligations efficiently!

See SII resolution

 

Erick Kessler

Tax expert with advanced studies in Tax Reform and Judicial Expertise. Over 10 years of experience in accounting outsourcing, Due Diligence, tax audits, and tax compliance for companies in various industries, such as investment firms, real estate, technological development, automotive, among others. Degree in Public Accounting, Central University of Chile. Diploma in Tax Management, Thomson Reuters Additional Tax and Agreements to Avoid Double Taxation, Thomson Reuters.

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