25 April 2012 On 5 March 2012, Decree 10/2012 was published in the Official Gazette to introduce transfer pricing provisions to the income tax law. The provisions are effective as from 1 January 2013. The main provisions are summarized below: ALP The arm's length principle (ALP) is adopted to establish transfer prices, based on the prices or amounts that independent parties would have agreed on for comparable transactions in free market conditions. Related parties Related parties are defined as follows: -   a resident entity and a non-resident entity if:       -   one party manages or controls...