Poland: Amendments regarding TP documentation come into effect

Posted on Updated on

Corporate Income Tax Law amendments gazetted in the Official Journal 1932/2015 regarding transfer pricing (TP) reporting obligations in line with Action 13 of the OECD Base Erosion and Profit Shifting (BEPS) project came into effect on 1 January 2017.

The country by country (CbC) reporting requirements are applicable to taxpayers that are part of a multinational corporate group deriving consolidated annual income of at least EUR 750 million. When determining the obligation to submit the CbC report for the first reporting year the consolidated revenue generated by the group during the current (not the previous) financial year should be taken into consideration. To be subject to the CbC reporting requirement groups need to consist of at least two entities domiciled in different jurisdictions or an entity domiciled in one jurisdiction but operating through a permanent establishment located in another country or territory.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s