The principle of transfer pricing is the pricing of goods, services and so on in related party transactions surrounded by multinational enterprises to fulfill the conditions for a self-governing business relationship or to meet the arm’s length principle. Someone involved in financial or business transactions with entities connected to them must maintain transfer pricing documentation. This responsibility is binding both for transactions with legal entities and with individuals with no exception. The Finance Ministry has published a Guidelines No. MF/014283/2016-724 regarding the content of documentation on the transfer pricing method applied by a taxable person that replaces the previous guidelines in 2015, also include a definition of related parties due to economic linkage due to direct or indirect participation of the state, municipalities or higher territorial units in assets, control or management. It applies for 2015 tax period. This guidance specifies the documentary obligations of public interest entities, central administrations and entities with direct or indirect government, municipal or higher territorial unit participation came into force in 14th of July 2016.
PGA Highlights: July 2016
»
Related Posts

Slovak Republic: Parliament rejects bill to limit fine deadlines for administrative offences
The Slovak Republic’s Parliament on 15 April 2025 voted against a proposed amendment to the Tax Code. The draft bill sought to introduce a deadline after which fines could no longer be imposed for specific administrative
Read More
Slovak Republic: Parliament rejects bill to exempt healthcare providers from financial transaction tax
The Slovak Republic’s Parliament has rejected a draft bill to amend the Financial Transaction Tax (FTT) Act on 15 April 2025, which sought to exempt healthcare providers established under special healthcare legislation from FTT. Earlier, the
Read More
Slovak Republic: Parliament rejects bill to ease advance income tax rules for some taxpayers
The Slovak Republic Parliament has rejected a bill that brings amendments to the Income Tax Act on 15 April 2025. This legislation grants small and medium-sized enterprises, including both individual entrepreneurs and legal entities, greater
Read More
Slovak Republic: Parliament rejects higher VAT threshold bill
The Slovak Republic Parliament rejected a bill to amend the VAT Act on 15 April 2025. The proposal aimed to raise mandatory VAT registration thresholds for businesses from EUR 50,000 and EUR 62,500 to EUR 75,000. Earlier, the Slovak Republic
Read More
Slovak Republic: Parliament rejects bills to exempt social enterprises from financial transaction tax and to lower excise duty on motor fuels
The Slovak Republic’s Parliament voted down two proposed bills seeking to amend the Financial Transaction Tax (FTT) Act and revise the Excise Duty Law on Mineral Oil on 15 April 2025. Financial Transaction Tax (FTT) Act amendment The
Read More
Slovak Republic: President approves amendments to rental housing and VAT laws
The President of the Slovak Republic has signed the bill revising the Law on State Support for Rental Housing on 15 April 2025. This legislation also introduces amendments to the Value Added Tax (VAT) Law as it applies to rental housing within
Read More