Recently published draft amendments of the Personal Income Tax (PIT) and Corporate Income Tax (CIT) acts introduce a number of new transfer pricing (TP) documentation requirements. These changes will have a significant impact on taxpayers undertaking related party transactions. Under the draft amendment, some taxpayers will be obliged to prepare more extensive TP documentation (to that currently required), which will include mandatory local benchmarking analyses. Furthermore, the deadline for preparing TP documentation will be brought into line with the annual tax return deadline.
Source & more info: PwC