On 4 September 2023, the Polish Official Gazetted a notice aimed at providing comprehensive clarification regarding the regulations governing transfer pricing documentation for corporate income tax purposes. This notice encompasses several key measures, each serving to enhance the understanding and compliance with the following crucial rules:
Firstly, the notice explains the methodology for conducting a comparability analysis, which is pivotal in determining the appropriate transfer pricing for transactions. In addition, it outlines the specific reporting and documentation requirements that pertain to the local files, ensuring that companies are well-informed and compliant. Companies will now have a clearer understanding of how to furnish detailed information regarding specific intra-group transactions, a crucial aspect in the context of transfer pricing. Lastly, it clarifies the precise procedure for disclosing controlled transactions, including how to identify the relevant period, related party involved, and the required financial information.
