The Czech tax authorities have introduced new reporting requirements for corporate taxpayers that have transactions with related parties. Taxpayers subject to the new requirement must include a disclosure form with their tax return for each related party with which they have conducted transactions. The disclosure must include details of the related party including name, residence, etc., and the transaction details. Taxpayers meeting any one of the following will be required to submit the disclosure(s) with their tax return: Turnover exceeds CZK 80 million Total assets exceed CZK 40 million Average number of employees exceeds 50 In general, the requirement only...