ARTICLE · 04 SEPTEMBER 1998
Czech News - May 1998 - Transfer Pricing
Czech RepublicAccounting and Audit
The growing importance of Transfer pricing worldwide and specifically across Europe was one of the main reasons that Arthur Andersen representatives from various locations met recently, to compare experiences and trends. The Czech and Slovak tax practices were represented by Peter Chrenko.
Based on the results of the meeting, it is clear that management fees and royalties continue to be the most widely attacked areas in large number of countries, including the Czech Republic, Slovakia and other CEE countries. From the CEE region, the Polish tax authorities are the most active and several Transfer pricing cases have already been decided in the courts. Another important message is that the OECD Transfer pricing guidelines are generally followed by all OECD member and non - member states, no matter whether and to what extent the guidelines have been incorporated into the local legislation.
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