IMF Report Considers the Economic Outlook in Poland

March 27, 2023

On 24 March 2023 the IMF published a report following discussions with Poland under Article IV of the IMF’s articles of agreement. The report notes that the Polish economy has been facing difficulties as a result of the Ukraine war. Economic

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Poland: MoF extends the filing deadline for CIT to 30 June 2023

February 20, 2023

The Polish Ministry of Finance has announced a proposal to extend the filing and payment deadline for corporate income tax returns by three months, until 30 June 2023. Last year, due to the COVID-19 pandemic, the deadline for filing forms CIT-8,

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Poland: MoF publishes base interest rates for transfer pricing purpose

January 20, 2023

On 23 December 2022, the Polish Ministry of Finance published a notice in the official gazette, establishing base interest rates and margin rates for the purposes of transfer pricing for individual and corporate income taxes. The notice specifies

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Poland: President signs the Polish Deal 3.0 including transfer pricing changes

November 10, 2022

On 21 October 2022, the President of Poland signed the Law of 7 October 2022 amending the Corporate Income Tax Act (referred to as Polish Deal 3.0), including certain transfer pricing changes. One of the most significant changes to transfer pricing

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Poland increases late payment interest rates in seventh time

September 26, 2022

On 20 September 2022, the Polish Ministry of Finance published the increased interest rates on tax arrears as well as on the late payment. This is the 7th time; Poland increases the rate in 2022.  Accordingly, the standard rate is increased from

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Poland releases ordinance on transfer pricing information

September 20, 2022

On 13 September 2022, the Polish Official Gazette released Ordinance Nos. 1923 and 1934, clarifying transfer pricing information in the scope of personal and corporate income tax. The ordinances include the following tax measures: Defining the

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OECD: Peer Review Report on Tax Transparency in Poland

August 16, 2022

On 16 August 2022 the Global Forum for Transparency and Exchange of Information for Tax Purposes released a second round (phase 1) peer review report in relation to Poland. The peer review report examines the legal and regulatory framework in Poland

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Poland: MoF proposes important amendments to corporate income tax law

July 10, 2022

On 28 June 2022, the Polish government announced a draft law to proposing significant changes to the Polish Corporate Income Tax Act. The proposed changes impact the following areas; The effective date of the new “minimum tax” will be

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UK: Tax Gap for 2020/21

June 28, 2022

On 23 June 2022 HMRC published details of the tax gap for 2020/21. This is a measure of the difference between the amount of tax that should have been collected by HMRC, and the amount that was actually paid. The tax that should be collected is the

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Poland: MoF extends the filing deadline for corporate income tax return

June 28, 2022

On 22 June 2022, the Polish Ministry of Finance has published a draft decree extending the deadline for submitting the CIT-8E return. Accordingly, the deadline for submitting the CIT-8E return is 30 September 2022. The extension applies to all

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Poland increases late payment interest rates in fifth time

June 25, 2022

On 15 June 2022, the Polish Ministry of Finance fifth time published the increased interest rates on tax arrears as well as on the late payment. Accordingly, the standard rate is increased from 13.5% to 15% per annum; the reduced rate (applies when

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Poland extends the deadlines for submitting transfer pricing documentation

June 20, 2022

On 10 June 2022, the President of the Republic of Poland signed the Act of June 8, 2022 providing for the extension of the deadlines for submitting a declaration on the preparation of local transfer pricing documentation (TP statements) and TPR

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Poland: MoF reply to parliamentary inquiry on transfer pricing information

June 04, 2022

On 30 May 2022, the Treasury Department responded to a Parliamentary inquiry (No. 31287) regarding the rules for reporting certain transfer pricing information to be reported on the TPR-C form. According to response, the TPR-C form can be

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Poland increases late payment interest rates in fourth time

May 23, 2022

On 11 May 2022, the Polish Ministry of Finance fourth time published the increased interest rates on tax arrears as well as on the late payment. Accordingly, the standard rate is increased from 12% to 13.5% per annum; the reduced rate (applies

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Poland: MoF publishes draft decree changing the TP reports

May 06, 2022

On 25 April 2022, the Polish Ministry of Finance published a draft decree to change the scope of data and information to be disclosed via transfer pricing reports. The changes introduced by the draft decree include limiting the scope of transfer

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Poland increases late payment interest rates in third time

April 26, 2022

On 12 April 2022, the Polish Ministry of Finance third time published the increased interest rates on tax arrears as well as on the late payment. Accordingly, the standard rate is increased from 10% to 12% per annum; the reduced rate (applies

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Poland: MOF launches public consultations for TP method on resale price

April 13, 2022

On 4 April 2022, the Polish Ministry of Finance launched a public consultation on draft guidelines clarifying the resale pricing method for determining the arm's length value of transactions between associated parties. The guidance clarifies,

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Poland: MOF extends the CIT return submission deadline for 2021

March 31, 2022

On 26 March 2022, the Polish Minister of Finance has signed an ordinance providing the extension of the deadline for the submission of corporate income tax returns for 2021. The deadline for the submission of corporate tax returns and the payment

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