On 26 July 2012, amendments to the Law on Taxes and Fees (the Law), introducing the transfer pricing documentation requirements and possibility of entering into an advance pricing agreement (APA) with tax authorities, entered into force. The amendments will become effective on 1 January 2013.
Transfer price
Transfer price is a price (value) of goods or services, which is applied between associated persons within the meaning of the Corporate Income Tax Law (CIT Law), where one of such…