Czech Republic: Updated OECD Transfer Pricing Guidelines expected at the start of 2022

published on 1 May 2021 | reading time approx. 2 minutes

The OECD has announced that an updated version of the OECD Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations should be published in early 2022.

The updated guidelines had originally been scheduled for publication in the middle of this year, and this had also been intended to be the time when the work on the updated version was expected to be completed. However, it seems that the guidelines will be expanded to a greater extent than had been originally planned and this is probably the reason why the publication date has been deferred to 2022.

In addition to incorporating a chapter that had already been published earlier, specifically Chapter 10 which pertains to financial transactions between affiliated companies, the expansion also addresses the impacts of the Covid-19 pandemic and the digital economy.

For the sake of completeness, it should be pointed out that the OECD Transfer Pricing Guidelines constitute a document of fundamental importance, one which affects the approach taken by Czech tax authorities towards transfer pricing. The current version of the Guidelines was published in 2017.