New obligation in the Accounting Act

Large multinational entities based and operating in Poland will be obliged to publish reports related to income tax paid in the countries in which they operate.

The purpose of the amendment to the Accounting Act, which sets out the rules for the preparation, publication and disclosure of income tax reports, is to introduce into the Polish legal system EU provisions that require large multinational entities to publish data on income taxes paid. The amendment dated 20 March 2024 [amending act] concerns information on taxes paid in the European Economic Area, i.e. the European Union countries and Iceland, Norway and Liechtenstein, and does not include Switzerland.

Monika 501 104 156
Łukasz 660 428 394
Magdalena 502 413 975

This Tax Alert does not constitute legal or tax advice. MDDP Michalik Dłuska Dziedzic i Partnerzy spółka doradztwa podatkowego spółka akcyjna is not responsible for the use of the information contained in the Alert without prior consultation with legal or tax advisers.