Chile has been a member of the OECD since January 2010 and, as such, it has slowly been making the corresponding changes in order to adapt its legislation to OECD’s guidelines, including what it says in relation to Transfer Price.  Within this matter, arm’s length is the fundamental principle that companies must respect in their operations. The aim is for each country to tax what is fair and reasonable in relation to the commercial transactions performed between cross-border related companies and in relation with those performed with companies located in tax havens, regardless in the latter if there is a relationship between the companies, with some exceptions which the Income Tax Law establishes.