Czech Republic: Mandatory reporting of related-party transactions

Tax Insights ()
The Czech Tax Administration recently announced a new reporting obligation for all entities liable to corporate income tax in the Czech Republic who have transactions with related parties. Czech taxpayers will be obliged to file a separate disclosure form “Overview of Transactions with Related Parties” when filing their corporate income tax return (CITR). This disclosure form will be required for the taxable periods starting on or after 1 January 2014.