Transfer pricing adjustments can lead to tax risks

The Municipal Court in Prague confirmed the approach of the Tax Authorities who reclassified marketing services contractually rendered abroad to the consideration received from a third party that should be included in the tax base for local supply…

The Court of Justice of the EU Decided in Slovak VAT Case

Slovak legislation is not in compliance with EU law, when it precludes refund of VAT that was charged and paid several years after delivery of the goods, on the grounds that the limitation period for the exercise of that right began to pass on the…