In statutory cases, the taxpayer is liable to prepare transfer pricing (TP) documentation and file it with the State Revenue Service (SRS). An examination of TP documentation helps the SRS monitor the correctness of corporate income tax (CIT) payments because the difference between a controlled transaction’s value and market price must be included in the taxable base under the CIT Act. If the taxpayer defaults on the obligation to prepare and file TP documentation, then in addition to the opportunity to start an audit and assess the correctness of the CIT calculation, the SRS may start a data assesment in the field of tax revenue risks and charge a hefty fine on the company if an offence is found. This article explores what offences relating to TP documentation permit the taxpayer to be fined outside an audit and how the SRS should evaluate and justify the size of fine.

When it comes to personal data processing, political parties are no exception, being subject to the same requirements of the General Data Protection Regulation (GDPR) that apply to any other data controller. It’s noteworthy the National Data Office has recently issued new guidelines on personal data processing in the run-up to the general election. Could this mean the regulator will be scrutinising the political parties for GDPR compliance? This article explores what measures a political party should take to ensure its data processing complies with GDPR.

Litigation tends to be costly. In addition to upfront duties payable when a claim is filed, claimants wishing to protect their rights and interests in court have to pay legal costs such as lawyer fees for representation at court hearings.