Despite the ongoing holiday and holiday season, the tax administration and taxpayers cannot complain about the absence of activities related to further tax and information obligations. The Ministry of Finance is trying to help taxpayers, recalling the deadlines and publishing brief explanations and communications, in which attempts are made to clarify issues of doubt on the part of taxpayers. The Resort also included an auxiliary model of the documentation statement.
We invite you to training with transfer prices
Extended at the beginning of the year 2018 time limit for drawing up tax records and making declarations to 9. months after the end of the tax year, it inevitably becomes closer.
For those who have a tax year equal to the calendar year, this means that by the end of September 2018 they should have prepared tax records for the year 2017 and, within the same time limit, make a declaration to the competent tax office.
Documents for this period should be drawn up in accordance with the requirements applicable from 1 January 2017 – for many taxpayers is this first the period for which the dossier is drawn up in accordance with the new rules.
Meanwhile, the Ministry of Finance is working intensively on another comprehensive revision of the transfer pricing rules, which will significantly change the practice of documenting transactions, as we have already written about ( HERE you will find info.). Yesterday, another communication was published on the MF's official portal on transfer pricing, which deals primarily with deadlines and rules for making declarations on the compilation of documents.
The MF indicated that no official form had been introduced for the purpose of submitting a declaration of drawing up the dossier, but that a model of such a declaration was available, which is purely ancillary and that its use is not compulsory for taxpayers. MF points out that the preparation of a model declaration in the form of an electronic document is not planned.
The time limits for drawing up the documents of the MF explains that the extension regulation does not result in a reduction in the time limit for drawing up the group documentation (under the provisions of the Income Tax Act, the time limit for drawing up the group documentation of a foreign entity must not be less than the time limit within which that entity is required to submit an annual statement).
The link to the message, which also refers to the model statement, can be found HERE