Closing the 2024 Fiscal Year: Last Call for Transfer Pricing Adjustments!
The new year is the time for companies to finalize the previous financial period. If your company engages in transactions with related entities, now is the moment for final analyses and potential transfer pricing (TP) adjustments to mitigate tax risks and avoid penalties.
Why Are TP Adjustments So Important?
Transfer prices must align with market conditions. If there were deviations in 2024, TP adjustments allow you to correct transactions and ensure compliance with regulations. It is also crucial to properly report these adjustments in the TPR form and adhere to Article 11e of the CIT Act.
Planning for 2025 – What to Keep in Mind?
The first quarter is the perfect time to streamline TP matters and prepare for upcoming obligations. Here are the key deadlines to help you stay compliant:
TP CALENDAR FOR 2025
March 31, 2025 – CIT-8, financial statements, CBC-P notification
October 31, 2025 – Local transfer pricing documentation
November 30, 2025 – Submission of the TPR-C form
December 31, 2025 – Group TP documentation, CBC-R reporting