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MDDP The Best Tax Advisory Firm in Poland and the Best Consultancy Firm within the scope of Transfer Pricing in Poland according to a ranking compiled by International Tax Review. more
 

 

23-10-2017
THERE IS ONLY A WEEK LEFT TO SUBMIT FIRST CBC NOTIFICATION BY THE ENTITIES FROM THE MULTINATIONAL GROUPS

If the Company:

·        has a seat or management located in Poland, or acts as a permanent establishment in the territory of Poland, and

·        belongs to a capital group, which is obliged to submit Country–by-country report so called “CBC report” in the world for FY 2016,

is obliged to prepare notification about an obligation of filling of Country–by-country report,so called CBC notification for FY 2016.

The deadline for submission of the first CBC notification for FY 2016 is 31st October 2017, so it’s due in couple of days! The deadline refers to entities, whichfinancial year began on 1 January 2016 and ended on 31 December 2016, in other words the deadline is after 10 months from the last day of the financial year (the deadline for the transitional period).

The CBC notification should be filled to the Head of the National Revenue Administration in an electronic form (in XML format) via e-Declaration system or in a written form to the Polish Ministry of Finance address.

Failure in submission of CBC notification may result in fine imposed bythe Head of the National Revenue Administration of value up to PLN 1 000 000.

The most common problems and queries of the entities are connected with an appropriate identification of obligation in respect to CBC notification and refers inter alia to whether such a notification should be filled, in what form it should be prepared, what is the deadline, what information such a notification should include.

In case you identify a need for our support in this respect, we would be grateful for contact us.

 

*****

Whenever needed or if necessary, please contact us at:

 

Renata Dłuska            tel. + 48 22 322 68 80,

Magdalena Marciniak tel. + 48 22 322 68 84

 

or the Company’s MDDP advisory

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