In accordance with the explanation provided by the Ministry of Finance, the extension of deadlines is to facilitate entrepreneurs' fulfilment of transfer pricing obligations and to allow them to adapt their documentation obligations to the changed deadlines for preparing financial statements.
Shield 4.0 introduces an extension of the deadlines for:
Moreover, for the Master file, entrepreneurs will have time to prepare it by the end of the third month from the day following the day on which the extended deadline for submitting a declaration on drafting local transfer pricing documentation expired. This means that:
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