diff --git a/drivers/net/ethernet/stmicro/stmmac/hwif.h b/drivers/net/ethernet/stmicro/stmmac/hwif.h
index 652af8f6e75f..40147ef24963 100644
--- a/drivers/net/ethernet/stmicro/stmmac/hwif.h
+++ b/drivers/net/ethernet/stmicro/stmmac/hwif.h
@@ -532,6 +532,7 @@ struct stmmac_hwtimestamp {
 	void (*get_systime) (void __iomem *ioaddr, u64 *systime);
 	void (*get_ptptime)(void __iomem *ioaddr, u64 *ptp_time);
 	void (*timestamp_interrupt)(struct stmmac_priv *priv);
+	void (*correct_latency)(struct stmmac_priv *priv);
 };
 
 #define stmmac_config_hw_tstamping(__priv, __args...) \
@@ -550,6 +551,8 @@ struct stmmac_hwtimestamp {
 	stmmac_do_void_callback(__priv, ptp, get_ptptime, __args)
 #define stmmac_timestamp_interrupt(__priv, __args...) \
 	stmmac_do_void_callback(__priv, ptp, timestamp_interrupt, __args)
+#define stmmac_correct_latency(__priv, __args...) \
+	stmmac_do_void_callback(__priv, ptp, correct_latency, __args)
 
 struct stmmac_tx_queue;
 struct stmmac_rx_queue;
diff --git a/drivers/net/ethernet/stmicro/stmmac/stmmac_hwtstamp.c b/drivers/net/ethernet/stmicro/stmmac/stmmac_hwtstamp.c
index fa2c3ba7e9fe..7e0fa024e0ad 100644
--- a/drivers/net/ethernet/stmicro/stmmac/stmmac_hwtstamp.c
+++ b/drivers/net/ethernet/stmicro/stmmac/stmmac_hwtstamp.c
@@ -60,6 +60,48 @@ static void config_sub_second_increment(void __iomem *ioaddr,
 		*ssinc = data;
 }
 
+static void correct_latency(struct stmmac_priv *priv)
+{
+	void __iomem *ioaddr = priv->ptpaddr;
+	u32 reg_tsic, reg_tsicsns;
+	u32 reg_tsec, reg_tsecsns;
+	u64 scaled_ns;
+	u32 val;
+
+	/* MAC-internal ingress latency */
+	scaled_ns = readl(ioaddr + PTP_TS_INGR_LAT);
+
+	/* See section 11.7.2.5.3.1 "Ingress Correction" on page 4001 of
+	 * i.MX8MP Applications Processor Reference Manual Rev. 1, 06/2021
+	 */
+	val = readl(ioaddr + PTP_TCR);
+	if (val & PTP_TCR_TSCTRLSSR)
+		/* nanoseconds field is in decimal format with granularity of 1ns/bit */
+		scaled_ns = ((u64)NSEC_PER_SEC << 16) - scaled_ns;
+	else
+		/* nanoseconds field is in binary format with granularity of ~0.466ns/bit */
+		scaled_ns = ((1ULL << 31) << 16) -
+			DIV_U64_ROUND_CLOSEST(scaled_ns * PSEC_PER_NSEC, 466U);
+
+	reg_tsic = scaled_ns >> 16;
+	reg_tsicsns = scaled_ns & 0xff00;
+
+	/* set bit 31 for 2's compliment */
+	reg_tsic |= BIT(31);
+
+	writel(reg_tsic, ioaddr + PTP_TS_INGR_CORR_NS);
+	writel(reg_tsicsns, ioaddr + PTP_TS_INGR_CORR_SNS);
+
+	/* MAC-internal egress latency */
+	scaled_ns = readl(ioaddr + PTP_TS_EGR_LAT);
+
+	reg_tsec = scaled_ns >> 16;
+	reg_tsecsns = scaled_ns & 0xff00;
+
+	writel(reg_tsec, ioaddr + PTP_TS_EGR_CORR_NS);
+	writel(reg_tsecsns, ioaddr + PTP_TS_EGR_CORR_SNS);
+}
+
 static int init_systime(void __iomem *ioaddr, u32 sec, u32 nsec)
 {
 	u32 value;
@@ -221,4 +263,5 @@ const struct stmmac_hwtimestamp stmmac_ptp = {
 	.get_systime = get_systime,
 	.get_ptptime = get_ptptime,
 	.timestamp_interrupt = timestamp_interrupt,
+	.correct_latency = correct_latency,
 };
diff --git a/drivers/net/ethernet/stmicro/stmmac/stmmac_main.c b/drivers/net/ethernet/stmicro/stmmac/stmmac_main.c
index e1f1c034d325..19e46e8f626a 100644
--- a/drivers/net/ethernet/stmicro/stmmac/stmmac_main.c
+++ b/drivers/net/ethernet/stmicro/stmmac/stmmac_main.c
@@ -909,6 +909,8 @@ static int stmmac_init_ptp(struct stmmac_priv *priv)
 	priv->hwts_tx_en = 0;
 	priv->hwts_rx_en = 0;
 
+	stmmac_correct_latency(priv, priv);
+
 	return 0;
 }
 
@@ -1094,6 +1096,8 @@ static void stmmac_mac_link_up(struct phylink_config *config,
 
 	if (priv->dma_cap.fpesel)
 		stmmac_fpe_link_state_handle(priv, true);
+
+	stmmac_correct_latency(priv, priv);
 }
 
 static const struct phylink_mac_ops stmmac_phylink_mac_ops = {
diff --git a/drivers/net/ethernet/stmicro/stmmac/stmmac_ptp.h b/drivers/net/ethernet/stmicro/stmmac/stmmac_ptp.h
index bf619295d079..d1fe4b46f162 100644
--- a/drivers/net/ethernet/stmicro/stmmac/stmmac_ptp.h
+++ b/drivers/net/ethernet/stmicro/stmmac/stmmac_ptp.h
@@ -26,6 +26,12 @@
 #define	PTP_ACR		0x40	/* Auxiliary Control Reg */
 #define	PTP_ATNR	0x48	/* Auxiliary Timestamp - Nanoseconds Reg */
 #define	PTP_ATSR	0x4c	/* Auxiliary Timestamp - Seconds Reg */
+#define	PTP_TS_INGR_CORR_NS	0x58	/* Ingress timestamp correction nanoseconds */
+#define	PTP_TS_EGR_CORR_NS	0x5C	/* Egress timestamp correction nanoseconds*/
+#define	PTP_TS_INGR_CORR_SNS	0x60	/* Ingress timestamp correction subnanoseconds */
+#define	PTP_TS_EGR_CORR_SNS	0x64	/* Egress timestamp correction subnanoseconds */
+#define	PTP_TS_INGR_LAT	0x68	/* MAC internal Ingress Latency */
+#define	PTP_TS_EGR_LAT	0x6c	/* MAC internal Egress Latency */
 
 #define	PTP_STNSUR_ADDSUB_SHIFT	31
 #define	PTP_DIGITAL_ROLLOVER_MODE	0x3B9ACA00	/* 10e9-1 ns */