Less than one month left for preparation of transfer pricing documentation according to the new requirements!
We would like to kindly remind you of the approaching deadline for filing a statement confirming that the required transfer pricing documentation has been prepared.
According to the regulations effective until the end of the year 2016, the deadline for preparing the aforementioned documents has not been explicitly stated. However, according to the new requirements introduced in January 2017, taxpayers are obliged to file the confirmation statement of the transfer pricing documentation.
There is no predefined template for the statement, which allows for a certain degree of freedom regarding the layout.
It should be emphasized that in the event that the statement is not filed or it is not correct or true, individuals responsible for the tax settlements or the management board may be held responsible. This could mean fines equal to even 240 daily rates which, in year 2018, ranges from PLN 16 800 to PLN 6 720 000.
The first deadline for filing the statement is the end of September 2018.
If you would like our tax team to verify your company’s responsibilities regarding transfer pricing and prepare the necessary documentation, do not hesitate to contact us!