According to Paragraphs 1 and 4 of Article 22 of the Regulations Governing Assessment of Profit-Seeking Enterprise Income Tax on Non-Arm's-Length Transfer Pricing, a profit-seeking enterprise undertaking controlled transactions shall prepare a transfer pricing report when filing its current-year income tax returns or making a current-year final report but is not required to submit it at the time of filing.

However, in the event of a transfer pricing investigation conducted by the collection authorities-in-charge in the future, the profit-seeking enterprise shall present the report within one month after receipt of a notice of investigation sent by the collection authorities-in-charge. Under special circumstances where the taxpayer is unable to present the documentation within the prescribed time limit, it may apply for an extension prior to the deadline. Such an extension can be granted only once and cannot exceed one month.