On 18 December 2019, Aruba's parliament approved legislation for the introduction of three-tiered transfer pricing documentation requirements in line with the OECD BEPS Action 13 guidelines. This includes:
- Ultimate parent entities of MNE groups in Aruba are required to submit a CbC report if an annual consolidated group revenue threshold of AWG 1.5 billion is met in the previous year, with the report due 12 months after the end of the reporting fiscal year; and
- MNE groups based in Aruba are …