With reference to the rule changes regarding the drawing up of transfer pricing documentation, the responsibility to submit transfer pricing documentation to the tax authority when required, and to create a declaration or a simplified report, will only relate to entities that record revenue or costs of a identified level.
New transfer pricing regulations came into force on 01/01/2015. The new regulations will extend the scope of responsibilities related to documenting transactions with associated enterprises.
The regulations on transfer prices and the transfer pricing documentation which were introduced on the 1st January 2015 are of great importance because.