Chile’s IRS establishes new transfer pricing documentation requirements

The Chilean Internal Revenue Service (SII) has published Resolution No. 101, which establishes new Transfer Pricing Informative Sworn Statements No. 1950 (Annual Master File Affidavit) and No. 1951 (Annual Local File Affidavit).

These affidavits are complementary to Affidavits No. 1937 (Country-by-Country Report) and No. 1907 (Transfer Pricing). With the new affidavits, Chile is aligned with the reporting obligations recommended in the international guidelines for transfer pri…