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The Income Tax Company Return form, IT2C,has been updated to include information on related party transactions. Previously, taxpayers were only required to disclose whether they were local or foreign owned.

 Detailed information on the submission deadlines for documents required under the Country-by-Country Reporting Standard and the IT2C updates on related party transactions are contained in the attached Transfer Pricing Compliance – Income Tax Return Filing Requirements alert.

Transfer Pricing Compliance Update

Transfer Pricing Compliance Update

A cover photo of the tax alert
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