Aruba Approves Three-Tiered Transfer Pricing Documentation Requirements

On 18 December 2019, Aruba's parliament approved legislation for the introduction of three-tiered transfer pricing documentation requirements in line with the OECD BEPS Action 13 guidelines. This includes:
- Ultimate parent entities of MNE groups in Aruba are required to submit a CbC report if an annual consolidated group revenue threshold of AWG 1.5 billion is met in the previous year, with the…