On 27 December 2016, the Chilean tax authorities (Servicio de Impuestos Internos - SII) issued Resolution No. 126. The resolution updates the current annual transfer pricing return (affidavit) requirements to introduce an associated Country-by-Country (CbC) reporting requirement. The new CbC requirements include:

• The CbC requirement applies for MNE groups meeting a EUR 750 million annual conso…