Colombia

Reviews

Practice area

World TP Reviews

Transfer pricing
Baker McKenzie

The Baker McKenzie team is considered among the top players in Colombia in consultancy, compliance with formal obligations, documentation, disputes and transfer pricing controversies. Gustavo Sanchez-Gonzalez is a senior economist and the head of the transfer pricing practice for Colombia and the Andean region. His expertise includes the financial and economic valuation of shares, litigation and tax efficient transfer pricing policies. He also counsels companies on various aspects of transfer pricing from different sectors in South and Central America. 

The team is the one responsible for successfully negotiating the first APA in Colombia and has also completed an APA in Ecuador that covers intercompany transactions of seven entities of a multinational group. The group has also led transfer pricing controversy projects for many clients in countries including Colombia, Venezuela, Dominican Republic, Ecuador and Mexico. 

BaseFirma

BaseFirma is among the top players in transfer pricing in the country. Its transfer pricing practice has two partners, including practice lead Diana Mogollon. It employs 12 other tax professionals. The firm is specialised in transfer pricing and it has a strong presence in Latin America. Recently, the firm has been very active in the food and insurance industries and it has participated in over 550 unique transfer pricing projects. 

In the last year, the firm was part of the two large transfer pricing advisory bids for Colombian-based multinational companies. 

Brigard Urrutia

Brigard & Urrutia Abogados has a strong transfer pricing practice area. The team helps companies develop and implement economically viable transfer pricing structures thorough consultancy, transfer pricing planning and litigation. Luca Moreno is the leader of the tax and transfer pricing departments. The firm represents domestic and international clients in a variety of sectors with an emphasis on energy and mining. 

The group recently welcomed Edgar Ruiz Van Den Enden as senior associate and transfer pricing lead. He was hired from BTG Pactual. The firm lost partner transfer pricing lead Ricardo Beltrán who moved to Garrigues. 

Deloitte

Deloitte’s transfer pricing team maintains a dominant position in Colombia. The large team assists multinational and national groups in different sectors, including oil and gas, mining, manufacturing, media, real estate, hospitality, infrastructure and retail. The group represents clients in the design, implementation and defence of their transfer pricing policies. It is also very active in transfer pricing controversy projects, including tax authorities disputes. Moreover, the transfer pricing team is involved with other areas of Deloitte in different projects related to evaluation, assistance and consulting multinational in order to address the new challenges of transfer pricing documentation requirements. Bruno Urrieta Farías is the head of the transfer pricing practice. 

Over the research period, the group represented Ingredion Colombia and other companies in different transfer pricing matters. 

EY

EY is a leading firm in Colombia and it has a very strong transfer pricing practice. The group regularly represents foreign clients investing in Colombia in their large acquisitions and in reviewing the impact of the new rules regarding indirect transfers, transitory rules on dividends tax, thin cap rules, anti-abuse regulations, as well as increased withholding tax on management fees.  

In the last year, the firm conducted several high-profile litigations, particularly in the transfer pricing area. 

Client feedback  

“EY’s transfer pricing practice goes beyond the regular compliance activities. It adds value and generates important business insights.” 

“The strength in Colombia is the partner, who has led the new team in the best way. Nothing to improve.” 

Philippi Prietocarrizosa Ferrero DU & Uría

Philippi Prietocarrizosa Ferrero Du & Uría’s transfer pricing team is very strong. The firm's transfer pricing practice provides services in the preparation of economic and transfer pricing analysis, the structuring of transnational operations, consultancy in tax and corporate planning, among other things. Sandra Pineda heads the transfer pricing practice.  

The firm’s recent experience in transfer pricing and transactional tax matters is exhibited in its representation of Mexico Infrastructure Partners. In addition, the group assisted Drypers Andina/Protisa Colombia in designing a legal tax structure. Another transactional tax and transfer pricing matter involved Latam Logistic Col Opco. 

PwC

Carlos Mario Lafaurie is the head of the transfer pricing practice at PwC. The team maintains a dominant position in Colombia. It advises domestic and international companies in a variety of sectors, such as agribusiness, financial services, energy, mining, retail, infrastructure and transportation. 

In the last 12 months, the team handled different high-profile transfer pricing matters.