The Ministry of Finance has announced an eight-day extension of the deadline for businesses to submit an online copy of the Transfer Pricing Disclosure Form. The deadline has been prolonged from 150 days to 158 days after the last day of the accounting period. Only businesses who submit an online copy of the Disclosure Form will be granted the extension. Businesses who submit a hard copy of the form will not be eligible.
Deadline Extended for Transfer Pricing Disclosure Form Submission
Ministry of Finance Announcement, 20 May 2020.
To support businesses and juristic partnerships that are required to submit the Transfer Pricing Disclosure Form online, and in support of the National e-Payment Master Plan, the Minister of Finance, in accordance with Article 3 octies Paragraph 2 of the Revenue Code, has approved a deadline extension for online submission of the Disclosure Form. The extension is granted according to the law as follows:
Article 1: The deadline for online submission of the Disclosure Form is extended to 158 days after the last day of the accounting period. Formerly, the deadline was 150 days after the last day of the accounting period. The form shall be submitted between January 1, 2020 and January 31, 2021.
Article 2: Businesses and juristic partnerships are only eligible for the deadline extension specified in Article 1 if they submit the regular Disclosure Form and additional forms online. The deadline extension will not be granted to those who submit both a hard copy and an online copy of the form.