On 10 July 2017, the OECD released an update of the Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations. The revised edition of the Guidelines incorporates the changes introduced by the 2015 BEPS reports on Actions 8-10 and Action 13 that address the topics of aligning transfer pricing outcomes with value creation, transfer pricing documentation and country-by-country reporting. It also includes revised guidance on safe harbour rules. The Czech transfer pricing rules refer to the Guidelines.

 

Natalia Pryhoda
Tax and Legal Services