Interactive TPR-C form

30 July 2021

 
The Ministry of Finance has published an interactive TPR-C (3) form for providing transfer pricing information by corporate taxpayers.

New form template

The new form applies to transactions effected after 31 December 2019. In practice, this means that taxpayers can already file their completed TPR forms for 2020.

Compared to the previous version, the newly published form is more detailed. On the other hand, it contains simplifications and organises issues that could raise reasonable doubt or be unclear to taxpayers. 

Deadline for fulfilling documentation obligations

To meet the expectations of taxpayers, the lawmakers have extended the deadlines for fulfilling documentation obligations, including for filing the TPR form and the statement on preparing transfer pricing documentation for 2020, i.e.:

• until 30 September 2021 for taxpayers whose statutory deadline expires between 1 February 2021 and 30 June 2021;
• by three months for taxpayers whose statutory deadline expires between 1 July 2021 and 31 December 2021.
  

This means that taxpayers whose financial year is the same as the calendar year are required to fulfil their transfer pricing obligations for 2020 by 31 December 2021.