The Czech Ministry of Finance has published Guidance GFR D-34 on the application of international standards in the taxation of transactions between associated enterprises - transfer pricing. The Guidance, which replaces Guidance D-332 of 2009, has been issued based on the updated 2017 OECD Transfer Pricing Guidelines and includes updated guidance on the arm's length principle, the comparative analysis, and transfer pricing methods.
The new Guidance also briefly covers transfer pricing docu…