The Income Tax Law establishes that all taxpayers who carry out transactions with related parties (domestic or foreign) that might result in either income or tax deductions, are required to prepare a transfer pricing report through which they can demonstrate that the prices used in these transactions are set at market values; otherwise, the authorities could modify the said prices and levy taxes, surcharges and fines that can be onerous, hence the importance of having such report in a timely manner, a service that our firm makes available to you.