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FA additionally assesses CZK 950m during transfer pricing inspections

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In 2015, the Financial Administration (FA) performed 800 inspections focused on transfer pricing among related parties, which resulted in additional income tax assessment in the amount of CZK 450m. In the first months of 2016, the FA assessed an additional CZK 500m. The success rate of transfer pricing inspections improved 31% year on year. Minister of Finance Andrej Babiš (ANO) said that tax entities had also started submitting additional tax returns rectifying their tax liabilities on their own. The Financial Administration will continue the trend of increased interest in this tax area.

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