We would like to bring your attention to an upcoming deadline related to transfer pricing documentation in Poland.
Deadline for the 2018 transfer pricing documentation
For taxpayers whose tax year corresponds with the calendar year, the deadline for preparing the transfer pricing documentation for the year 2018 expires on September 30, 2019.
In order to document transactions with related entities carried out in 2018, taxpayers have the possibility to choose to prepare the documentation according to new or existing regulations.
By the end of the current month, taxpayers (depending on the chosen tax regime) should meet their obligations in the following scope of documentation:
- local file,
- master file,
- benchmarking analysis.
Simplified Corporate Income Tax and Transfer Pricing report
Regardless of the chosen legal system, taxpayers, whose revenues or costs in 2016 or 2017 exceeded EUR 10 million, are obliged to prepare a simplified CIT-TP report.
Taxpayers, who decided for the regulations valid until the end of 2018, should submit a statement on the preparation of transfer pricing documentation. On the other hand, in accordance with the regulations in force since 2019, taxpayers must additionally declare that the prices applied in the transactions with related parties are according to the arm’s length principle.
Accace provides assistance in the identification of transfer pricing obligations, as well as in the preparation of required tax documentation.