Ecuador introduces new TP regulations to exports

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The Internal Revenue Service of Ecuador has issued a Resolution that was published in the official gazette on 30 December 2016. The Resolution launches transfer pricing (TP) regulations applicable to exports of bananas, oil, petrol, gold, silver, copper or other minerals. In accordance with this Resolution, the transfer prices on exports of such goods have to be analyzed using the comparable uncontrolled price (CUP) method.

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