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The largest companies will have to report on their payment practices only In January 2021

1 January This year, the law came into force, which is intended to reduce payment congestion.

1 January This year, the law came into force, which is intended to reduce payment congestion.

It assumes, among other things, that the largest corporate tax payers (capital groups and CIT taxpayers whose income exceeds annually 50,000,000 EUR) will report annually to the Minister for Economic Affairs (MR) on...

1 January This year, the law came into force, which is intended to reduce payment congestion. It assumes, among other things, that the largest corporate tax payers (capital groups and CIT taxpayers whose income exceeds annually 50,000,000 EUR) report annually to the Minister for Economic Affairs (MR) on their payment deadlines.

These reports will be publicly available, which will allow you to learn how big partners carry out their obligations and assess the risk of entering into business relations with them. first reports by entities subject to this obligation for a year 2020. Time limit for transmission 31 January 2021.

Data scope defines the provision Article 13a(4) Act on the prevention of excessive delays in commercial transactions (link to the Sejm website : http://prawo.sejm.gov.pl/isap.nsf/download.xsp/WDU20130000403/U/D20130403Lj.pdf )

The transmission of data will take place by means of an electronic form which the Ministry of Development will make available. This form will only contain particular provisions Article 13a(4):

Report in question Under section 1, contain the following data concerning the entity in question under Article 27b(2) Act dated 15 February 1992 on corporate income tax:

1. Company (name) and tax identification number;

2. Value of cash benefits received in the previous calendar year at:

  • • not exceeding 30 days,
  • • from 31 to 60 days,
  • • from 61 to 120 days,
  • - Exceeding 120 days from the date of issue of the invoice or account confirming the delivery of the goods or the performance of the service;

3) the value of the cash benefits completed in the preceding calendar year at:

  • • not exceeding 30 days,
  • • from 31 to 60 days,
  • • from 61 to 120 days,
  • • Exceeding 120 days from the date of issue of the invoice or account confirming the delivery of the goods or the performance of the service;
  • 4. Value of cash benefits not received in the previous calendar year within the time limit specified in the contract and the percentage of those benefits in the total value of cash benefits due to that entity that year;
  • 5. Value of cash benefits not fulfilled in the preceding calendar year by the date specified in the contract and the percentage of those benefits in the total value of cash benefits to which that entity is required to meet that year.

Data are aggregate amounts (sums) for a given year. In other words, it's this. 10 quota items, 2 percentage positions, company name and NIP.

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