07 Jul

Transfer Pricing Country Matrix

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TRANSFER PRICING COUNTRY MATRIX

Abbreviation
a Regulation type              
b Are there specific transfer pricing regulations?        
c Is there a TP documentation requirement?          
d Is there an annual submission deadline for the documentation?      
e Submission deadline upon request?            
f Is there a requirement to update transfer pricing documentation annually ?    
g Language requirements              
h Do penalties exist for not having adequate tranfer pricing documentation or not submitting in time?

TRANSFER PRICING COUNTRY MATRIX
Country a b c d e f g h
Albania OECD Yes No No 30 days Yes N/A Yes
Angola National regulations based on OECD Guidelines Yes Yes Yes N/A Yes Portuguese No
Argentina National regulations Yes Yes Yes 15 days Yes Spanish Yes
Australia OECD Yes Yes No 21-28 days Yes English Yes
Austria OECD Yes No No N/A No German (English accepted) N/A
Belgium OECD Yes No No 30 days No Dutch, English, French or German No
Brazil National regulations Yes Yes Yes 20 days Yes Portuguese No
Bulgaria OECD Yes Yes No 14 days No Bulgarian Yes
Canada National regulations Yes Yes Yes 6 months Yes French or English Yes
Chile National regulation / Recognizes OECD Yes Yes Yes Directly Yes Spanish Yes
China National regulations Yes Yes Yes 20 days Yes Chinese Yes
Colombia National regulations with reference to the OECD Yes Yes Yes N/A Yes Spanish No
Costa Rica National regulations Yes Yes No (N/A) No Spanish No
Croatia OECD Yes Yes Yes Directly Yes Croatian Yes
Czech Republic OECD Yes Yes No N/A (No) Czech and Slovak (English only rarely accepted) No
Denmark OECD Yes Yes Yes 60 days Yes Danish, Swedish, Norwegian and English Yes
Dominican Republic National regulations Yes Yes Yes Directly Yes Spanish Yes
Ecuador National regulations Yes Yes Yes N/A Yes Spanish Yes
Egypt National regulations with reference to the OECD Yes Yes Yes N/A Yes Arabic, English Yes
El Salvador National regulations Yes Yes No Directly Yes Spanish No
Estonia OECD Yes Yes No <60 days No Estonian (English accepted) No
Finland OECD Yes Yes Yes 60 days No Finnish, Swedish and English Yes
France OECD Yes Yes No 30 days No French (English accepted) Yes
Germany OECD Yes Yes Yes 60 days No German (English accepted) Yes
Ghana OECD Yes Yes Yes N/A Yes English No
Greece OECD Yes Yes Yes 60 days Yes Greek and English Yes
Guatemala National regulations Yes Yes Yes 20 days Yes Spanish No
Hong Kong National regulations based on OECD Guidelines Yes No N/A 30 days No Chinese and English No
Hungary OECD Yes Yes Yes Directly Yes Hungarian, English, French, and German Yes
Iceland OECD Yes Yes No N/A No N/A No
India National regulations based on OECD Guidelines Yes Yes No 30 days No English Yes
Indonesia National regulations with reference to the OECD Yes Yes No 30 days Yes English and Indonesian No
Ireland OECD Yes Yes No 28 days No English and Irish No
Israel National regulations based on OECD Guidelines Yes Yes N/A 60 days No Hebrew and English No
Italy OECD Yes Yes No 10 days Yes Italian No
Japan National regulations with reference to the OECD Yes Yes No 30 days No Japanese No
Kazakhstan National regulations based on OECD Guidelines Yes Yes Yes 90 days Yes Russian and Kazakh Yes
Kenya National regulations Yes Yes No Directly No English No
Kuwait No specific TP guidelines No N/A N/A N/A N/A N/A N/A
Latvia OECD Yes Yes No 30 days No Latvian No
Lithuania OECD Yes Yes No 30 days No English No
Luxembourg National regulations with reference to the OECD Yes No No N/A No Luxembourgish, German, French and English No
Macedonia National regulations Yes Yes No N/A No N/A Yes
Malaysia National regulations based on OECD Guidelines Yes Yes No 30 days No Malay and English Yes
Mexico National regulations Yes Yes Yes 15 business days Yes Spanish No
Netherlands OECD Yes Yes No 30 days No Dutch (English accepted) No
New Zealand OECD Yes Yes No 30 days No English No
Nigeria National regulation / Recognizes OECD Yes Yes Yes 21 days Yes English Yes
Norway OECD Yes Yes Yes 45 days Yes Norwegian, Swedish, Danish and English Yes
Oman National regulations Yes No N/A N/A N/A N/A N/A
Panama National regulations Yes Yes Yes 45 days Yes Spanish Yes
Peru National regulations with reference to the OECD Yes Yes Yes N/A Yes Spanish Yes
Philippines National regulations based on OECD Guidelines Yes Yes No Directly No Pilipino, English or Spanish No
Poland OECD Yes Yes Yes 7 days Yes Polish Yes
Portugal OECD Yes Yes Yes 10 days Yes Portuguese (English sometimes accepted) Yes
Qatar National regulations Yes No No N/A N/A N/A No
Romania National regulations with reference to the OECD Yes Yes No N/A No Romanian Yes
Russia National regulations based on OECD Guidelines Yes Yes Yes 30 days Yes Russian No
Singapore National regulations based on OECD Guidelines Yes No Yes 30 days Yes English Yes
Slovakia OECD Yes Yes No 15 days Yes Slovak No
Slovenia OECD Yes Yes Yes 30-90 days Yes Slovenian Yes
South Africa National regulations based on OECD Guidelines Yes Yes No 30 days Yes English No
Korea OECD Yes Yes Yes 60 days Yes Korean Yes
Spain OECD Yes Yes No 10 days No Spanish (English accepted) Yes
Sweden OECD Yes Yes No 30 days No Swedish, Danish, Norwegian and English No
Switzerland OECD No No No N/A No German, French, Italian and Romansh No
Taiwan National regulations with reference to the OECD Yes Yes Yes 30 days Yes Chinese Yes
Tanzania National regulations based on OECD Guidelines Yes Yes No 30 days No English and Swahili No
Thailand National regulations with reference to the OECD Yes No No timely manner’ No English and Thai No
Turkey National regulations with reference to the OECD Yes Yes Yes 15 days Yes Turkish No
Uganda National regulations based on OECD Guidelines Yes Yes Yes N/A Yes English Yes
Ukraine National regulations Yes Yes Yes 1 month Yes Ukraine Yes
United Kingdom OECD Yes Yes No 45 days Yes English No
United States National regulation / Recognizes OECD Yes Yes No 30 days No English Yes
Uruguay National regulations Yes Yes (No) N/A (No) Spanish No
Venezuela National regulations with reference to the OECD Yes Yes No Directly No Spanish No
Vietnam National regulations based on OECD Guidelines Yes Yes No 30 days Yes Vietnamese Yes

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