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Extended deadline for filing ORD-U information
Please be advised that, based on the Ordinance of the Minister of Finance dated 16 February 2023 amending the Ordinance of the Minister of Finance of 24 December 2002 on tax information, the deadline for filing the Information on Agreements concluded with non-residents (ORD-U) will be extended. According to the...
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Deadline for submission of information by real estate companies and their partners
We would like to remind you of the upcoming deadline for the obligation to submit certain information regarding real estate companies for 2022 to the competent tax authorities (for most taxpayers, the deadline is 31 March 2023). The entities obliged to submit the information are real estate companies and PIT/CIT...
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Obligation for a company to file a CbC-P notification or CbC-R report
Country-by-Country report (CBC-R) is a reporting mechanism set out in the Act of 9 March 2017 on the exchange of tax information with other countries. Entities belonging to large multinational groups are obliged to report tax information related to that capital group to the National Tax Administration. In order to...
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Amendments to the Corporate Income Tax Act and certain other acts (Polish Deal 3.0)
Published on 25 October 2022, the Act of 7 October 2022 introduces new regulations for taxpayers. For the most part, the changes under the Act apply to CIT and come into force on 1 January 2023, with some exceptions (Polish Deal 3.0). A particularly significant change is the exemption from...
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Extension of deadlines for the filing of TPRs and transfer pricing documentation
The deadlines for the filing of the TPR and the statement on the preparation of local transfer pricing documentation for 2021 have been extended – thus, for companies whose financial year 2021 coincided with the calendar year, the deadline is, in principle, 30 December 2022. For entities whose financial year...
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New version of the Instructions for filling in and sending INTRASTAT declarations in Poland
The Customs Department of the Polish Ministry of Finance has published on its page a new version of the Instructions for Completing and Submitting INTRASTAT Declarations (dated July 27, 2022). These instructions are available under the link: Instructions for filling and sending INTRASTAT declarations, version 1.15 What has changed? According...
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The obligation to prepare the Transfer Pricing documentation
We would like to inform you, that as of January 1, 2021, pursuant to Art. 11o Sec. 1a and 1b of the Corporate Income Tax Act, the obligation to prepare the Transfer Pricing documentation also applies to a controlled transaction or a transaction other than a controlled transaction, if the...
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Property development companies vs. real estate companies
According to the recently presented position of the Director of the National Revenue Information, a real estate developer engaged in the construction of residential and non-residential buildings and their sale may be deemed a real estate company on the grounds of income tax regulations, thus resulting in the obligation to...
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Tax Benefits for Aid to Ukraine
Engaging in aid to Ukraine may benefit from several existing and newly introduced tax benefits. Although some regulations came into force in the middle of March – they are effective retroactively, i.e. from February 24, 2022. Donations to non-governmental organizations (NGOs) The value of donations made to non-governmental organizations in...
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CIT reporting and settlement deadlines for 2021 extended
Extension of reporting deadlines On March 10, 2022, the Polish Minister of Finance’s regulation1 changing the reporting deadlines for 2021 came into force. According to its contents, the deadlines for, among other things, the preparation, approval and submission of financial statements due in 2022 are extended as follows: by 3...
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