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 to 30 September 2020,
  • extended by 3 months for taxpayers whose original reporting deadline expires in the period from 1 October 2020 to 31 January 2021.
• filing a statement on preparation of transfer pricing documentation for the year 2019:
  • until 31 December 2020 for taxpayers whose original reporting deadline expires in the period from 31 March 2020 to 30 September 2020,
  • extended by 3 months for taxpayers whose original reporting deadline expires in the period from 1 October 2020 to 31 January 2021.
• preparation of group documentation (Master File) – the deadline postponeduntil the end of third month from the day following the day when the deadline for filing the statement expired.

The new deadlines are a good news for taxpayers transacting with related entities. They gain more time to meet transfer pricing obligations amid additional pandemic-related burdens. Time gains are essential for obtaining detailed financial data from the group to complete the TP-R and offer greater comfort when filling in TP-R in a thoughtful manner.