Executive summaryThe Greek Independent Authority for Public Revenue (IAPR), following the relevant Organisation for Economic Co-operation and Development (OECD) Guidance,1 has proceeded with the issuance of Circular E. 2054/10.03.2021 to provide guidance on the transfer pricing implications of the COVID-19 pandemic (the Guidance).The Guidance addresses the four key issues analyzed in the OECD Guidelines, including:Comparability analysisLosses and the allocation of COVID-19 specific costsGovernment assistance programsAdvance Pricing Agreements (APAs)The Guidance issued by the IAPR essentially constitutes a concise summary of the OECD Guidance and is a positive step towards strengthening local transfer pricing rules by demonstrating that the local tax authorities comprehend...