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What is 1-amp?
1-amp stands for Annual Information Return for Associated Enterprises with Specified Domestic Transactions and is a form used for reporting specified domestic transactions.
Who is required to file 1-amp?
Any associated enterprise involved in specified domestic transactions exceeding a certain threshold is required to file 1-amp.
How to fill out 1-amp?
1-amp can be filled out by providing details of specified domestic transactions, related parties, nature of transactions, and other relevant information as per the instructions provided on the form.
What is the purpose of 1-amp?
The purpose of 1-amp is to gather information on specified domestic transactions undertaken by associated enterprises to ensure compliance with transfer pricing regulations.
What information must be reported on 1-amp?
Information such as details of specified domestic transactions, related party details, nature and value of transactions, and other relevant information as per the form instructions must be reported on 1-amp.
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