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Panama: Transfer pricing report of related-party transactions, June 2019 deadline

Panama: Transfer pricing report, June 2019 deadline

The deadline for filing a transfer pricing information return on the form F930 is six months after the fiscal year-end. Thus, for a number of taxpayers, there is a June 2019 deadline for filing the form F930 for transactions with related parties that took place during 2018. Also, for fiscal year (FY) 2018 reporting purposes, there is a new version of F930—one that requires more information from the taxpayer.

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All companies that during 2018 engaged in transactions with foreign related parties must file an F930, pursuant to the standards provided in article 762-I of Panama’s Law 52.

A version of F930 (F930 V.1) that was used for previous fiscal years is no longer applicable. Instead, there is a revised version of F930 for FY 2018. This new version (F930 V.2) requests more information from the taxpayer including:

  • Detailed business and financial information about comparable companies that were selected to conduct the transfer pricing analysis
  • Detailed information regarding transactions involving intangibles
  • Arm´s length adjustments made
  • Comparability adjustments made
  • Information regarding transfer pricing disputes globally
  • Consolidated revenue of the multinational group

In addition to filing the transfer pricing statement on F930 V.2, Panamanian transfer pricing regulations also require the Panamanian entity to have contemporaneous supporting transfer pricing documentation (in general, documentation that is very similar to the OECD ‘s suggested Master and Local files).


For more information, contact a professional with KPMG’s Global Transfer Pricing Services practice in Panama:

Alonso Campa | +507 208 0758 | jcampa@kpmg.com

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