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Filing Form TMT 1.2, Renewal Application for Highway Use Tax and/or. Automotive Fuel Carrier Certificates of Registration. The renewal fee is. $15 for each ...
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TMT 1 refers to the Transfer Pricing Return form which is required to be filed by taxpayers conducting controlled transactions.
Taxpayers who are engaged in controlled transactions are required to file TMT 1.
TMT 1 can be filled out online on the tax authority's website or through a tax professional who is familiar with transfer pricing regulations.
The purpose of TMT 1 is to provide information about controlled transactions between related parties to ensure compliance with transfer pricing regulations and prevent tax avoidance.
On TMT 1, taxpayers must report details of controlled transactions, related parties involved, transfer pricing method used, and financial information related to the transactions.
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