According to recent reports, Colombia's National Tax Authority (DIAN) has provided some clarification regarding the applicable years and deadlines for the new transfer pricing documentation requirements based on BEPS Action 13 that were introduced in Law No. 1819 of 2016 ({News-2016-12-30/A/2- previous coverage}):

• Local File - applies for tax year 2016 and must be submitted by the same deadlin…