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Global Tax ResetTransfer PricingDocumentation SummaryJune 2021
Global Tax Reset—Transfer Pricing Documentation SummaryOverviewThe Global Tax Reset – Transfer Pricing Documentation Summary (“Guide”) compiles essential country-by-country (“CbC”) reporting and documentation (including master file and local file where applicable) information for 144 jurisdictions around the world. It has been reviewed and updated as of 30 June 2021.As used in this guide, please note the following interpretations: Secondary filing generally refers to a local filing obligation imposed on resident entities in a multinational enterprise (“MNE”) group when the jurisdiction does not receive the country-by-country (“CbC”) report viaautomatic exchange from the parent or surrogate reporting entity’s jurisdiction. Some countries that have secondary filing requirements may provide exceptions for FY2016 (that is, resident entities do not needto submit a CbC report for FY2016). Local file is defined as either an OECD local file (i.e., prepared in accordance with Annex II to Chapter V of the revised OECD Transfer Pricing Guidelines) or transfer pricing documentation prepared under localregulations. Some countries also have disclosure requirements that do not directly relate to the OECD local file. Substantially complies means that the tax authority will accept a report that meets OECD content guidelines, and the report will likely meet penalty protection requirements. However, it is anticipated thatadditional information will be required to be provided upon a transfer pricing audit. In addition, some countries require transfer pricing reports to be prepared in local languages. Such language requirements arenot considered in this summary when determining whether an OECD master file and local file can provide local documentation compliance. Lastly, this definition does not take into considerations rules forspecific types of transactions such as cost sharing or financing. With respect to master file or local file/documentation filing requirements, “Submit” refers to a requirement to submit either all or, in certain countries, only parts of the documentation; "Provides" refers to havingto provide the documentation upon request; "Contemporaneous" refers to having to prepare documentation by a certain date (usually by the time of filing annual tax returns). For certain countries, only certaintypes of documentation need to be prepared contemporaneously (e.g., documentation for self-adjustment, penalty protection or extraordinary business transactions); these countries are listed as havingcontemporaneous requirements. Certain countries have rules whereby documentation needs to be prepared by a tax return due date under one scenario but also needs to be submitted under another (e.g.,Korea, Mexico and Uruguay); these countries are listed as having “Contemporaneous Submit” requirements. "Parent surrogate filing" means voluntary filing for Ultimate Parent Entities resident in their jurisdictions of residence that do not yet require it. Specifically, according to the OECD implementation guidance,"jurisdictions that will not be able to implement with respect to fiscal periods from 1 January 2016 may be able to accommodate voluntary filing for Ultimate Parent Entities resident in their jurisdiction. Thiswould allow the Ultimate Parent Entities of an MNE Group resident in those jurisdictions to voluntarily file their CbC report for the fiscal periods commencing on or from 1 January 2016 in their jurisdiction of taxresidence." When an MNE makes a voluntary parent surrogate filing, the OECD recommends that secondary (local) filing obligations should not apply in any jurisdiction that otherwise would require constituententities in that jurisdiction to file locally when the report is not received via automatic exchange under a tax treaty or tax information exchange agreement from the reporting entity's jurisdiction. Some countries provide a monetary threshold for filing or preparation of the master file or local file/documentation. For the purpose of this document, it is assumed any filing or preparation thresholds havebeen met. There may be multiple due dates for certain countries applicable for different parts of the master file or local file/documentation. The earliest due date that could apply is listed.This Guide is a summary and indicative only, based on Deloitte’s understanding of the position at the time of publication. It should not be relied upon for making business decisions, and we recommend you consulta transfer pricing specialist before taking any action. The transfer pricing specialists in Deloitte member firms around the world have the knowledge and experience to help you on your journey. For more informationregarding transfer pricing issues in specific countries, and about Deloitte’s tax practice in those jurisdictions, please contact your usual Deloitte transfer pricing adviser or one of the listed contacts.2
Global Tax Reset—Transfer Pricing Documentation SummaryCountry-by-Country (“CbC”) ReportStatusof requirementReport due date(months/yearsafter last day ofthe reportingperiod)Master File (“MF“)Secondary filingrequirementParent Surrogate(exceptions exist in Filing Availablesome countries)PenaltiesStatus ofrulesNone todateAndorraNone todate1 Jan 2018AngolaStatus ofrulesAlreadyrequiredNone todateAlgeriaOECD MFrequiredFirsteffectiveyearstartingLocal File (“LF“)/Documentation12 monthsNone todateProvideNone todateMF & LF/DocumentationNew ruleseffectivestartingDoes OECDMF LFprovidelocal doxcompliance?FilingrequirementExistingrules ules applySubstantiallycompliesSubmit Contemporaneous ProvideExistingrules applyRequiresadditionalinformationSubmit Contemporaneousfor LFFor countries withpreparation/submissionrequirement for LF:due date (months/years after year-end)PenaltiesSubmit: 30 AprilExtension due toCovid 19:30 June 2021None todateNone todateSubmit: 30 JuneSubmit: From FYs beginningMay 2020 onwards TPdeadline to submit the localfile will operate between the23rd and the 27th of the sixthmonth after FY end.Argentina1 Jan 201712 months1 Jan 2018FilingExistingrules applySubstantiallycompliesSubmit Contemporaneous Provide for MF;Submit Contemporaneousfor LFExtension due to Covid 19:From FYs beginning May2020 onwards TP deadlineto submit the local file willoperate between the 23rdand the 27th of the sixthmonth after FY end. Therehas been an exception for FYsended from December 2020to December 2021 in whichdeadline has been postponed3 months. That is to say thata FY end December 2020will have its TP deadlinebetween September 23rd toSeptember 27th.Provide for MF;Aruba1 Jan 20191 Jan 2019Filing12 months1 Jan 2019CompletelyCompliesContemporaneous Provide for LFPrepare: 30 NovemberPrepare: 15 JulyAustralia1 Jan 2016AnnouncedFinalFiling12 monthsProposedYesN/ANo1 Jan 20161 Jan 2016RequiresadditionalinformationSubmit Provide for MF;Contemporaneous Provide for LFExtension due to Covid 19:For SGEs with a31 December 2019year end, the ATOhas extended the deadlineto lodge the Local Fileto 29 January 2021Notification is required for the first reported fiscal year; thereafter, notificationis required only if there are any changes in the notification content.3
Global Tax Reset—Transfer Pricing Documentation SummaryCountry-by-Country (“CbC”) ReportStatusof rulesAustriaNotificationrequirement1 Jan 2016;1 Jan 2017 forsecondary filingAzerbaijanBarbadosSecondary filingrequirementParent Surrogate(exceptions exist in Filing Availablesome countries)12 monthsPenaltiesStatus ofrulesFilingOECD MFrequiredFirsteffectiveyearstartingLocal File (“LF“)/DocumentationStatus ofrules1 Jan 2016None todate1 Jan 2018BangladeshReport due date(months/yearsafter last day ofthe reportingperiod)None er File (“MF“)12 monthsFilingN/ANone todateNone todateNone todateNone todateNew ruleseffectivestartingDoes OECDMF LFprovidelocal doxcompliance?Filingrequirement1 Jan 2016CompletelyCompliesProvide1 Jan 2017None todateNone todateMF & LF/DocumentationFor countries withpreparation/submissionrequirement for LF:due date (months/years after year-end)PenaltiesProvideNone todateExistingrules applyNot applicableas Bangladeshis not asignatory tothe OECDContemporaneous Provide for LF1 Jan 2019.Starting from2019 - specialforms established by theMinistry of Taxand Duties;From 2016 to2018 - freeformsRequiresadditionalinformationProvide for LFPrepare: 15 SeptemberNone todateNone todatePrepare: 30 SeptemberBelgium12 months1 Jan 2016Bermuda1 Jan 2016AnnouncedFinalOnly for UPEsand SPEsFilingN/A12 monthsProposedN/AYesNo1 Jan 2016None todate1 Jan 2016RequiresadditionalinformationProvide for MF;Contemporaneous Provide for LFExtension due to Covid 19:For the fiscal year end 31December 2020, the duedate for filing the tax returnhas been extended till 28October 2021. As such, thepreparation due date for theLocal File has also been extended till 28 October 2021for the same fiscal year.None todateNotification is required for the first reported fiscal year; thereafter, notificationis required only if there are any changes in the notification content.4
Global Tax Reset—Transfer Pricing Documentation SummaryCountry-by-Country (“CbC”) ReportStatusof mentReport due date(months/yearsafter last day ofthe reportingperiod)Master File (“MF“)Secondary filingrequirementParent Surrogate(exceptions exist in Filing Availablesome countries)PenaltiesStatus ofrulesOECD MFrequiredFirsteffectiveyearstartingLocal File (“LF“)/DocumentationStatus ofrulesNew ruleseffectivestartingMF & LF/DocumentationDoes OECDMF LFprovidelocal doxcompliance?FilingrequirementFor countries withpreparation/submissionrequirement for LF:due date (months/years after year-end)PenaltiesSubmit: 4 monthsBoliviaNone todateNone todateExistingrules applySubstantiallycompliesSubmit for LF if monetarythreshold is met; Providefor LF if monetarythreshold is not metExtension due toCovid 19:The tax payer having31st December 2020as its fiscal year end,the filing due date forLocal File and Form 601has been extended till31 May 2021.Submit: 4 monthsBotswanaNone todateBrazilBritish VirginIslandsBrunei1 Jul 20191 Jan 2016By tax returndue date1 Jan 201812 monthsFilingN/ANone todateN/ANone todateNone todateNone todateNone todateNone todateBulgaria1 Jan 2016;1 Jan 2017 forsecondary filingBurundi12 monthsFilingNone todateCambodiaNone todateNone todateAnnounced1 Jan 2020N/ANone todateFinalProposedYesNo1 Jul 2019SubstantiallycompliesSubmit ContemporaneousExistingrules applyRequiresadditionalinformationProvide for LF1 Jan 2020SubstantiallycompliesContemporaneous ProvideCompletelycompliesProvide for LFExtension due toCovid 19:The deadline hasbeen extended30 days to 22 May2020.Brazil does notfollow OECDPrepare: 31 MarchExtension due toCovid 19:Preparation deadline for the2019 tax year hasbeen extendedfrom 31 March to30 June 2020.None todate1 Jan 2017However, based onverbal confirmationwith TP specialist ofGeneral Departmentof Taxation, it appliedin 2018Notification is required for the first reported fiscal year; thereafter, notificationis required only if there are any changes in the notification content.5
Global Tax Reset—Transfer Pricing Documentation SummaryCountry-by-Country (“CbC”) ReportStatusof nrequirementReport due date(months/yearsafter last day ofthe reportingperiod)Master File (“MF“)Cayman Islands1 Jan 201612 months1 Jan 201612 monthsFiling1 Jan 2018Extension due to Covid 19:No due date extension atthe momentFilingrequirementNone todateExistingrules applyCompletelycompliesProvide for LFN/ANone todateExistingrules applySubstantiallycompliesContemporaneous Provide for LFPrepare: 6 monthsN/ANone todateN/ANone todate1 Jan 2018Requiresadditionalinformation1 Jan 2020Existingrules applySubstantiallycompliesContemporaneous for MF;Submit Contemporaneous Provide for LFSubmit: 30 JuneStatus ofrulesOECD MFrequiredStatus ofrulesColombiaCosta RicaCote d'IvoireAnnounced1 Jan 20166 months1 Jan 2016By tax returndue dateProvideN/A1 Jan 20161 Jan 2016RequiresadditionalinformationContemporaneous ProvidePrepare: 30 June1 Jan 201610 Dec 2021 to23 Dec 2021FilingN/A1 Jan 2017Existingrules applySubstantiallycompliesSubmitSubmit: 7 September to20 September 2021; exactdue date depends on thelast number of "Tax Id"1 Apr 20171 Apr 2017SubstantiallycompliesProvide1 Jan 20171 Jan 2018FinalYes, only forUPEs or SPEs12 monthsNone todate12 monthsProposedYesNoPenaltiesNone todateChileChinaFor countries withpreparation/submissionrequirement for LF:due date (months/years after year-end)New tartingBy tax return due dateChadMF & LF/DocumentationDoes OECDMF LFprovidelocal doxcompliance?Secondary filingrequirementParent Surrogate(exceptions exist in Filing Availablesome countries)None todateCanadaLocal File (“LF“)/DocumentationExistingrules applyCompletelycompliesSubmit Contemporaneous Provide for LFSubmit: 30 June, ifrequired to file a certifiedfinancial statement; 30May for all othercompanies.Extension due toCovid 19:Submission due date hasbeen extended till 30September 2020, has nowbeen further extended till30 November 2020.Notification is required for the first reported fiscal year; thereafter, notificationis required only if there are any changes in the notification content.6
Global Tax Reset—Transfer Pricing Documentation SummaryCountry-by-Country (“CbC”) ReportStatusof mentReport due date(months/yearsafter last day ofthe reportingperiod)Master File (“MF“)Secondary filingrequirementParent Surrogate(exceptions exist in Filing Availablesome countries)PenaltiesStatus ofrulesOECD MFrequiredFirsteffectiveyearstartingLocal File (“LF“)/DocumentationStatus ofrulesNew ruleseffectivestartingMF & LF/DocumentationDoes OECDMF LFprovidelocal doxcompliance?FilingrequirementFor countries withpreparation/submissionrequirement for LF:due date (months/years after year-end)PenaltiesPrepare: 30 April1 Jan 2016;1 Jan 2017 forsecondaryfilingCroatia12 monthsNone todateFilingExistingrules applyRequiresadditionalinformationContemporaneous Provide for LFExtension due toCovid 19:Preparation deadlinehas been extended to30 June 2021.Prepare: 30 June1 Jan 2018 Voluntaryfiling is available forfinancial years 2016and 201712 monthsFilingCyprus1 Jan 2016;1 Jan 2017 forsecondary filing12 monthsFilingN/ANone todateCzech Republic1 Jan 2016;1 Jan 2017 forsecondary filing12 monthsFilingN/ANone todateExistingrules applyNone todate1 Jan 2018CuracaoDemocraticRepublic ofthe Congo1 Jan 2018None todateDenmark1 Jan 2016;1 Jan 2017 forsecondary filing12 monthsFilingPreparation deadlinehas been extendedfrom 30 June 2021 to30 September 2021.None todate1 Jan 2017;FY 2016 isoptionalN/AContemporaneous1 Jan 2018Extension due toCovid 19:1 Jan 2017;FY 2016 isoptional/existingrules applyProvideCompletelycompliesSubmit Contemporaneous Provide for MF;Submit Provide for LFSubmit: 31 AugustPrepare: 30 MarchDistrict BrčkoDominicanRepublicNone todateNone todateExistingrules applyTBDContemporaneous Provide for LFNone todateNone todateExistingrules applySubstantiallycompliesProvide for LFAnnouncedFinalProposedYesNoExtension due toCovid 19:Preparationdeadline has beenextended to 15April 2020TBDNotification is required for the first reported fiscal year; thereafter, notificationis required only if there are any changes in the notification content.7
Global Tax Reset—Transfer Pricing Documentation SummaryCountry-by-Country (“CbC”) ReportStatusof requirementReport due date(months/yearsafter last day ofthe reportingperiod)Master File (“MF“)Secondary filingrequirementParent Surrogate(exceptions exist in Filing Availablesome countries)None todatePenaltiesStatus ofrulesOECD MFrequiredFirsteffectiveyearstartingLocal File (“LF“)/DocumentationStatus ofrulesNone todateEl SalvadorN/ANone todateEstonia1 Jan 2018None todate1 Jan 2016;1 Jan 2017 forsecondary filingEswatini12 months12 monthsAlreadyrequired w.e.f.1 Jan 2007FilingNone todateNone todateFor countries withpreparation/submissionrequirement for LF:due date (months/years after year-end)New ruleseffectivestartingDoes OECDMF LFprovidelocal doxcompliance?Existingrules applySubstantiallycompliesSubmit for LFSubmit: 10 June to28 June dependingon the ninth digit ofthe tax ID number1 Jan 2018CompletelycompliesSubmit Contemporaneous ProvideSubmit: 30 JuneExistingrules applySubstantiallycompliesContemporaneous Provide for LFPrepare: 31 MayExistingrules applySubstantiallycompliesProvideEgypt1 Jan 2018MF & LF/DocumentationFilingrequirementPenaltiesNone todatePrepare:Category A taxpayers:Within four months fromthe end of the tax year.EthiopiaNone todateFederation ofBosnia andHerzegovinaFijiNone todate1 Jan 201831st March ofthe followingcalendar yearExistingrules applySubstantiallycompliesContemporaneous Provide for LFCategory B taxpayers:Within two months fromthe end of the tax year.Category C taxpayers: Mustfile a tax declaration andsubsequently pay the taxdue between 7 July and 6August in each fiscal year.Prepare: 30 MarchFilingExtension due toCovid 19:30 April 20201 Jan 2018None todateNone todate1 Jan 2016SubstantiallycompliesExistingrules applyRequiresadditionalinformationContemporaneous ProvideSubmit Contemporaneous Provide for LFExtension due to Covid 19:Preparation deadline hasbeen extended to30 April 2020Submit: 3 monthsPrepare: 4 monthsFinland1 Jan 2016AnnouncedFinal12 monthsProposedFilingYes1 Jan 2017No1 Jan 2017CompletelycompliesContemporaneous ProvideExtension due to Covid 19:The tax return for FY2020 has been extendedfrom 30 April 2021 to 31May 2021.Notification is required for the first reported fiscal year; thereafter, notificationis required only if there are any changes in the notification content.8
Global Tax Reset—Transfer Pricing Documentation SummaryCountry-by-Country (“CbC”) ReportStatusof rulesFranceFirsteffectiveyearstarting1 Jan 2016GabonGeorgiaGhanaGibraltarGreeceGuatemalaYes, onlyfor UPEsand SPEsSecondary filingrequirementParent Surrogate(exceptions exist in Filing Availablesome countries)12 monthsFiling1 Jan 201712 monthsFilingNot specified12 monthsProvide1 Jan 2016;1 Jan 2017 port due date(months/yearsafter last day ofthe reportingperiod)Master File (“MF“)12 monthsStatus ofrulesN/A1 Jan 2016UnspecifiedNone todateFiling2 Nov 202012 months1 Jan 2016 forUPEs and SPEs.1 Jan 2017 forconstituent entities.1 Jan 2017 forsecondary filing.12 monthsFiling1 Jan 201612 monthsFiling1 Jan 20172 Nov 2020None todateAlreadyrequiredNone todateFinalProposedOECD MFrequiredAlready required.Aligned with someadditional informationw.e.f. 1 Jan 2018N/ANone YesNoLocal File (“LF“)/DocumentationStatus ofrulesNew ruleseffectivestartingMF & LF/DocumentationDoes OECDMF LFprovidelocal doxcompliance?FilingrequirementFor countries withpreparation/submissionrequirement for LF:due date (months/years after year-end)Prepare: When FYE isDecember 31st: EarlyMay (precise date to bedetermined on a yearlybasis) When FYE is different:Within three months afterthe closing date of ous Provide1 Jan 2016RequiresadditionalinformationSubmit Contemporaneous ProvideExistingrules applyCompletelycompliesProvide for LF1 Jan 2017RequiresadditionalinformationProvide for MF;Contemporaneous Provide for LFPrepare: 30th June,for extraordinarytransactions2 Nov 2020SubstantiallycompliesSubmit for MF;Submit Contemporaneous Provide for LFPrepare: 30 AprilExistingrules applyCompletelycompliesProvide for LFExistingrules applySubstantiallycompliesContemporaneous ProvidePrepare: 30 JuneExistingrules applyRequiresadditionalinformationContemporaneous Provide for LFPrepare: 31 March1 Jan 2018PenaltiesExtension due to Covid 19:For entities whose FYE is 31December 2019, 31 January2020, 29 February 2020,the tax return deadline ispostponed to 30 June 2020.For entities whose FYE is 31March 2020, the tax returndeadline is postponed to 31July 2020.Submit: 30 AprilExtension due toCovid 19:31 July 2020Notification is required for the first reported fiscal year; thereafter, notificationis required only if there are any changes in the notification content.9
Global Tax Reset—Transfer Pricing Documentation SummaryCountry-by-Country (“CbC”) ReportStatusof mentReport due date(months/yearsafter last day ofthe reportingperiod)Master File (“MF“)Secondary filingrequirementParent Surrogate(exceptions exist in Filing Availablesome countries)1 Jan 201612 monthsFiling1 Jan 2018,Voluntary filingis possible for FYbefore 201812 monthsExtension due to Covid 19:CbC Reports that are duebetween23 March 2020 and2 May 2020 has been extended to4 May 2020.FilingHondurasStatus ofrulesNone todateHungaryIceland1 Jan 2016;1 Jan 2017 forsecondaryfiling12 monthsFiling1 Jan 201712 monthsFilingOECD MFrequiredNone todateGuernseyHong KongPenaltiesFirsteffectiveyearstartingStatus ofrulesNew ruleseffectivestartingMF & LF/DocumentationDoes OECDMF LFprovidelocal doxcompliance?FilingrequirementFor countries withpreparation/submissionrequirement for LF:due date (months/years after year-end)Prepare: 9 monthsPenaltiesNone todate1 April 20181 Apr 2018CompletelycompliesContemporaneous Provide1 Jan 2017Existingrules applySubstantiallycompliesProvide1 Jan 2018.Obligatoryfor tax yearsstarting in2018, optionalfor tax yearsstarting in2017.N/ALocal File (“LF“)/DocumentationNone todatePrepare: 31 MayOptional for1 Jan 2017;obligatory as of1 Jan 2018RequiresadditionalinformationContemporaneous Provide1 Jan 2015SubstantiallycompliesContemporaneous Provide for LFExtension due toCovid 19:Preparationdeadline has beenextended to 30September 2020Prepare: 31 MayPrepare:Till FY 2018-19:30th November12 monthsExtension due toCovid-19:India1 Apr 2016IndonesiaAnnounced1 Jan 2016FinalDue date in respect ofaccounting years ending between March 20,2019 to June 29, 2019,have been extendedto June 30, 2020.Filing12 monthsFilingProposedN/A1 April 2016.(FY 2016-17 1April 2016)Existingrules applyRequiresadditionalinformationSubmit for MF;Contemporaneous Provide for LFFrom FY 2019-20onwards, the due datewill be one month priorto the tax return duedate. Accordingly, thedue date for FY 2019-20will be 31 October 2020.Extension due toCovid 19:The preparation duedate for FY 2020-21 hasbeen extended to 30November 2021.YesN/ANo1 April 2016.(FY 2016-17 1April 2016)1 Jan 2016RequiresadditionalinformationContemporaneous ProvidePrepare: 30 AprilNotification is required for the first reported fiscal year; thereafter, notificationis required only if there are any changes in the notification content.10
Global Tax Reset—Transfer Pricing Documentation SummaryCountry-by-Country (“CbC”) ReportStatusof uirementReport due date(months/yearsafter last day ofthe reportingperiod)Master File (“MF“)Secondary filingrequirementParent Surrogate(exceptions exist in Filing Availablesome countries)None todateIrelandIsraelIsle of ManPenaltiesStatus ofrulesOECD MFrequiredFirsteffectiveyearstartingNone todate1 Jan 201612 monthsFilingN/A1 Jan 201612 monthsTBDN/A1 Jan 201712 monthsand a dayFilingN/ALocal File (“LF“)/DocumentationStatus ofrules1 Jan 2016Japan1 Apr 2016JerseyKazakhstanKenya12 monthsFiling1 Jan 20201 Jan 2020For accountingperiods beginningon/after 1 January2020 forcompanies in scope.Foraccountingperiods beginningon/after1 January 2020.Existingrules applyNone todateContemporaneous ProvidePrepare: 9 monthsSubstantiallycompliesProvide for LFRequiresadditionalinformationContemporaneous ProvideTo be notedthat old rulesstill apply for TPdocumentationsets relevant to FYsuntil those alreadyclosed before 23Nov 2020.Prepare: 11 monthsExtension due to Covid 19:An extension may berequested on a taxpayerby-taxpayer basis if certainconditions relating to theimpact of the coronavirusto prevent the timelysubmission of requireddocuments are met.Extension due to Covid 19:For the companies thathas approval to submit taxreturn by 31 March 2020(i.e. granted extension) itwill be further extend to 16April 2020. Hence, in thiscase the due date for thepreparation of the LocalFile will also be extended to16 April 2020.Filing12 monthsFiling1 Jan 201612 monthsProvide1 Apr 2016N/ANone todateProposedYesNoSubmit for MF;Contemporaneous Provide for LF1 Apr 2017Substantiallycomplies1 Jan 2019SubstantiallycompliesProvideExistingrules applySubstantiallycompliesContemporaneous Provide for LFNone todate1 Jan 2019None todatePenaltiesOn FY ongoing on23 Nov 2020.Prepare: 28February1 Jan 2016FinalCompletelycomplies12 monthsNone todateAnnouncedFilingrequirementFor countries withpreparation/submissionrequirement for LF:due date (months/years after year-end)None todateTo be noted that oldrules still apply forTP documentationsets relevant to FYsuntil those alreadyclosed before 23Nov 2020.N/ADoes OECDMF LFprovidelocal doxcompliance?None todateOn FY ongoing on 23Nov 2020, but onlyif penalty protectionis opted for.ItalyNew ruleseffectivestartingMF & LF/DocumentationPrepare: 6 monthsNotification is required for the first reported fiscal year; thereafter, notificationis required only if there are any changes in the notification content.11
Global Tax Reset—Transfer Pricing Documentation SummaryCountry-by-Country (“CbC”) ReportStatusof rulesKoreaFirsteffectiveyearstarting1 Jan 2016Latvia1 Jan 2016LebanonLesothoLibyaSecondary filingrequirementParent Surrogate(exceptions exist in Filing Availablesome countries)12 monthsFiling12 monthsPenaltiesStatus ofrulesN/AOECD MFrequiredFirsteffectiveyearstartingLocal File (“LF“)/DocumentationStatus ofrules1 Jan 2016Filing1 Jan 2018None todateNone todateNone todateNone todateNone todateNone todateNone todateNone todateNone ificationrequirementReport due date(months/yearsafter last day ofthe reportingperiod)Master File (“MF“)1 Jan 2016Substantiallycomplies1 Jan 2018SubstantiallycompliesSubmit Contemporaneous Provide for MF;Submit Provide for LFSubmit: 12 monthsPrepare: 15 JuneFilingrequirementSubmit Contemporaneous Provide for LFN/A1 Jan 20191 Jan 2019SubstantiallycompliesContemporaneous Provide1 Jan 20171 Jan 2016 forvoluntary filing12 monthsProvideN/A1 Jan 20181 Jan 2018CompletelycompliesProvideFilingN/ANone todateNone todate1 Jan 201912 months1 Jan 2017Extension due to Covid 19:Due for submission on 31March 2020, extended until15 May 2020Filing1 Jan 2017Due for submission on 30April 2020, extended until31 May 2020FinalProposedYesNoSubmit: 12 monthsTP documentationbased on OECDguidelines is tobe provided uponrequest from theLuxembourg taxauthoritiesSubstantiallycomplies1 Jan 2019SubstantiallycompliesSubmit Provide for LFSubmit: 15 MarchRequiresadditionalinformationProvide for MF;Contemporaneous Provide for LFPrepare: 31 JulyTP documentationprepared on or after15 July 2017(irrespective of thefinancial year towhich it pertains)would be as per therevised guidelines(as perclarification provided)PenaltiesSubmit Provide for MF;FilingNone todateAnnouncedNew ruleseffectivestarting12 months12 monthsFor countries withpreparation/submissionrequirement for LF:due date (months/years after year-end)Does OECDMF LFprovidelocal doxcompliance?1 Jan 20161 Jan 2016MalaysiaMF & LF/DocumentationNotification is required for the first reported fiscal year; thereafter, notificationis required only if there are any changes in the notification content.12
Global Tax Reset—Transfer Pricing Documentation SummaryCountry-by-Country (“CbC”) ReportStatusof equirementReport due date(months/yearsafter last day ofthe reportingperiod)Master File (“MF“)Secondary filingrequirementParent Surrogate(exceptions exist in Filing Availablesome countries)None todateMaltaPenaltiesStatus ofrulesOECD MFrequiredLocal File (“LF“)/DocumentationNew ruleseffectivestartingDoes OECDMF LFprovidelocal doxcompliance?FilingrequirementFor countries withpreparation/submissionrequirement for LF:due date (months/years after year-end)Existingrules applyRequiresadditionalinformationContemporaneous Provide for LFPrepare: 30 June1 Jan 2016Requiresadditionalinformation1 Jan 20201 Jan 2020Substantiallycomplies1 Jan 20211 Jan 2021SubstantiallycompliesProvide1 Jan 2018SubstantiallycompliesContemporaneous Provide for LFFirsteffectiveyearstartingStatus ofrulesNone todate1 Jan 2016;1 Jan 2017 forsecondary filingFiling12 monthsMF & LF/DocumentationNone todateNone todateNone todateNone todatePenalties12 monthsMauritiusMexico1 Jan 2016Monaco1 Jan 2018MoroccoMyanmarNamibiaYes, onlyfor UPEsor SPEs12 monthsProvideN/A1 Jan 2016None todate12 monthsSubmit for MF;Submit Contemporaneous Provide for LFSubmit: 12 monthsNone todateSubmit Provide for MF;MongoliaMozambiqueExtension due to Covid 19:The Mauritius RevenueAuthority has not yetcommunicated anyextension due to theCovid 19 pandemic.1 July 2018.1 Jan 202012 months1 Jan 202112 monthsFilingN/ANorequirementto prepare anOECD Master fileNone todateNone todateNone todateNone todateNone todateNone todateNone todateNone todateAnnouncedFinalProposedYesNoSubmit Contemporaneous Provide for LFSubmit: 10 FebruaryPrepare: 6 monthsNotification is required for the first reported fiscal year; thereafter, notificationis required only if there are any changes in the notification content.13
Global Tax Reset—Transfer Pricing Documentation SummaryCountry-by-Country (“CbC”) ReportStatusof rulesNetherlandsNew tionrequirementReport due date(months/yearsafter last day ofthe reportingperiod)1 Jan 20
The Global Tax Reset – Transfer Pricing Documentation Summary (“Guide”) compiles essential country-by-country (“CbC”) reporting and documentation (including master file and local file where applicable) informa-tion for 144 jurisdictions around the wo
