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The impact of extraordinary economic situations on the setting of transfer prices

27.4.2021
After the first months of 2021, it seems that this year will also be significantly influenced by the impacts of the COVID-19 pandemic. It is especially the economic consequences of the pandemic that are discussed in this context. Even in extraordinary times like these, groups of related companies should not give up on proper transfer […]

Overlooked aspects of transfer pricing

16.3.2021
As transfer pricing has recently gained in importance for both taxpayers and tax authorities, many companies have already taken the steps necessary to ensure their intragroup prices are set correctly. Nevertheless, we often encounter situations in which companies pay insufficient attention to these relationships or set them up incorrectly. Prices between related companies may generally […]

COVID-19 pandemics and cyclical sectors – recovery, or an altered economic position?

29.9.2020
For significant events such as the COVID-19 pandemic, we can be tempted to believe that their effects are uniform across sectors. Leaning on the international Capital IQ database operated by Standard & Poors, this article shows that even in cyclical sectors, investors perceive the impact differently. Solid data is of paramount importance for economic decisions […]

Economy in hibernation and cost of financing

27.4.2020
This newsletter loosely follows our previously published comment concerning the development of real estate prices in the context of the economic downturn, with a specific focus on the impact on what are called Prime Yields. In this article, we complete our view with the possible development of the cost of the financing of real estate […]

Coronavirus and Real Estate

22.4.2020
What impact can the coronavirus have on the valuation of commercial real estate? Having hit almost all areas of the Czech economy, the COVID-19 pandemic is, without doubt, one of the main and hottest topics. Having paralysed business activity, put the lid on a number of manufacturing plants, stopped tourism, and shut down restaurants and […]

Regular updates of transfer price settings minimise the risk of deviating from the market standard

5.3.2020
Last year, the Ministry of Finance issued Guideline GFD D – 34, “Communication on the Application of International Standards in the Taxation of Transactions between Associated Companies – Transfer Prices” as a response to the updated OECD Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations from 2017. Guideline D – 34 provides practical recommendations […]

Economy and stock markets

6.2.2019
The beginning of a new year is always associated with keeping or giving up on New Year’s resolutions as well as expectations as to what the coming year will be like. As for economics, we have taken a quick look at what development is suggested by the German stock market. If these expectations are fulfilled, […]

RSM CZ now offers specific real estate valuations for investors and developers from VAT perspective

1.10.2018
When dealing with acquisitions of large properties intended for further development, we have recently received requests for expert opinions on purchase price allocations for the purposes of the VAT Act (Section 56 of Act No. 235/2004 Sb., on Value Added Tax). The valuations were related to brownfield sites in attractive locations in large cities where […]

Average multiples by sector and comparison with stock exchange data¹

12.4.2018
Do you wish to get an indicative valuation of your company? One of the options is to apply sector multiples. However, this might not be as simple as it seems. Valuation based on market comparison is one of the methods that are based on capital market analyses. This method relies on the basic valuation premise […]

We lecture at the University of Economics in Prague (VŠE)

16.3.2018
For the second time in this semester, RSM CZ&SK advisers presented lectures at the largest and the most prestigious university of economics in the Czech Republic, VŠE. Our company was first well represented by RSM Technology who introduced the students to NetSuite’s Cloud ERP System. In the next stage of the semester, they were joined […]