Tax payers obliged to draw up tax records for which the March deadline may have been too short can rest with relief. On the pages of the Government Legislative Centre, the Project of the Minister of Finance on the extension of certain obligations in the field of tax documentation (hereinafter: the draft regulation).
According to the draft Regulation, they are to be extended to the end ninth one month after the end of the tax year:
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- drawing up tax records,
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- making a statement to the tax office on the preparation of the tax documentation,
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- joining the tax return for the tax year of the simplified CIT-TP report.
In the explanatory memorandum of the draft regulation, attention is drawn, among other things, to the imposition of a large number of documentation obligations in terms of transfer prices (i.e.
drawing up local and group documentation, as well as the above-mentioned statements and simplified report), whose implementation date falls, in principle, on the date of submitting the tax return.
Nor do the technical problems and doubts about the way in which the simplified CIT-TP report is submitted and fulfilled make it easier to fulfil these obligations.
Quoting the above justification: "In order to simplify the tax system and in view of the important interests of taxpayers, it is proposed to extend by a maximum of six months the time limits associated with the fulfilment of the aforementioned transfer pricing documentation obligations".
To 27 February 2018, i.e. until the next Tuesday, in the framework of the public consultation it is time to submit comments to the draft regulation.
The draft Regulation and the justification can be found at the following address:
https://legislacja.rcl.gov.pl/projekt/12308553/katalog/12493026#12493026
At the same time, regardless of the deadline for meeting transfer pricing obligations, we encourage you to use our professional services in this area.
Author:
Michał Zdanowski
Tax consultant in Russell Bedford Poland.
Graduate of the Faculty of Law and Administration at the University of Warsaw, Graduate of the Postgraduate Tax and Tax Law Studies at the University of Warsaw. During his studies he gained experience in law and tax law firms. Since September 2011 He is associated with Russell Bedford Poland. It specialises in documenting transactions between related parties.