From October 2014 a transfer pricing form has been introduced for submission to the tax authorities annually with the tax return, requiring information on related party transactions. This form must be submitted by taxpayers if their total assets are more than CZK 40 million, or net turnover is above CZK 80 million, or the annual average number of employees is more than fifty. These entities must complete the form if they have transactions with any foreign related parties in the year; have recorded tax losses and have related party transactions; or they have received investment incentives in the form of tax relief and have related party transactions. Details must be reported for each category of transaction, giving the nature of the transaction, the country of residence of the related party, the nature and volume of transactions, and a summary of related party receivables and liabilities. This form must be sent in with the return for the year to 31 December 2014.