Beginning of a year brings (even more) obligations – ‘to do’ list for transfer pricing in Q1 2022

After a demanding December, some taxpayers will not rest at the beginning of the year. Taxpayers will face these obligations in Q1 2022: CBC-P notification Who? This obligation applies to entities belonging to capital groups that must submit CBC-R report in a country other than Poland. The obligation is imposed when consolidated revenues of a…

Changes in transfer pricing as of 1 January 2022

Among the numerous legislative changes, starting from 1 January 2022 transfer pricing regulations have also been amended and change formal and documentation obligations. The major changes include: Changes to formal obligations: TP-R Form – the taxpayer will be required to submit the TP-R form to the Head of the Tax Office competent for the taxpayer…

New rules for documenting transactions with tax havens – are you prepared?

A favourable change for the taxpayers is the proposed simplification under the so-called “Polski Ład” to apply retroactively, i.e. from 1st of January 2021. These changes will include removed obligation to prepare transfer pricing analyzes (analyzes justifying arm’s length character of transaction) in the case of tax haven transactions made with unrelated entities. At the…

Year end is the time to fulfill transfer pricing obligations for FY 2020

The deadline for meeting FY 2020 transfer pricing obligations has been extended by 3 months and falls on December 31, 2021. Taxpayers should prepare and report to meet the legal requirements. Failure to file a statement or transfer pricing information form (TP-R) or filing them late or with information inconsistent with the facts, may trigger…

Extended deadlines for meeting transfer pricing obligations for FY2019.

The fourth version of Polish anti-crisis shield introduces extended FY2019 deadlines for reporting transfer pricing obligations. Nowo ustalone terminy dotyczą obowiązku: filing information on transfer pricing, also known as TPR-C or TPR-P – the new deadline is: until 31 December 2020 for taxpayers whose original reporting deadline expires in the period from 31 March 2020…

REVOLUTIONARY CHANGES IN TRANSFER PRICING REGULATIONS ENTERED INTO FORCE SINCE 1ST JANUARY 2019

Since 1st January 2019 new transfer pricing regulations entered into force in the Polish Corporate Income Tax and Personal Income Tax Act. The main purpose of introduced changes is to simplify existing regulations, adjust them to changing legal and economic environment and adopt to OECD guidelines in respect to transfer pricing. The most important changes…