On 21 June 2018, the Colombian National Tax Authority (DIAN) issued a draft resolution concerning the obligation to notify country-by-country (CbC) reporting responsibilities.
Resident taxpayers are required to file informative transfer pricing return with Form 120, by marking numbers 39 and 45 of the return. The residents are not filing an informative transfer pricing return have to use the form prescribed by DIAN.
The form must be sent by E-mail before the due dates in accordance with the last digit of the tax identification number.
