Mind the Transfer Prices

Last year, the Financial Administration intensified their efforts to tax evasion based on sharp practices connected with transfer prices; the FA officials inspected approximately 800 tax subjects, which meant an increase by almost 40% in comparison with 2014, and additionally assessed taxes totalling CZK 450m.

As can be surmised, further actions following this pattern may be expected in the area of direct taxes, and a word of warning is in order – we strongly recommend that all tax subjects ought to pay increased attention to the issue and be ready for a potential inspection in this respect.

Should you have any problems connected with preparation of documentation regarding transfer prices, do not hesitate to contact us as we are ready and willing to assist you.