MORE TIME TO PREPARE TRANSFER PRICING DOCUMENTATION

We wish to let you know that on Friday, 16 February 2018, the Ministry of Finance published a communiqué that they are working to extend the transfer pricing deadlines for taxpayers.

Plans are to introduce an about six-month extension of the current deadlines for:

  • preparing master files and local files,
  • filing the documentation declaration,
  • filing form CIT-TP/PIT-TP.

These changes relate to compliance duties that arise in 2018 (meaning by reference to 2017 transactions) or 2019 (meaning by reference to 2018 transactions). Accordingly, taxpayers whose fiscal years coincide with the calendar year will have to ensure compliance by about 30 September, instead of 31 March.

A draft regulation introducing these changes has already been opened for intra-Cabinet consultations.

In addition, the Ministry of Finance says they are working on amendments to CIT Act and PIT Act intended to substantially reduce and simplify TP documentation requirements. As these changes are friendly for taxpayers, the Ministry considers enacting them with retroactive effect as of 1 January 2018.

We will keep you up-to-date with these developments.

If this issue pertains to your business and you are interested in our assistance, please contact your WTS&SAJA consultant or our office.

 

Doradztwo Podatkowe WTS&SAJA Sp. z o.o. 
Bałtyk Building, 13th floor
ul. Roosevelta 22
60-829 Poznań
tel. (+48) 61 643 45 50
fax. (+48) 61 643 45 51

Warsaw Office
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Al. Jerozolimskie 81
02-001 Warszawa

This Newsletter provides general information and is designed to keep you up-to-date with changes in tax law, tax rulings and interpretations, case law development and interesting commentaries. 
Doradztwo Podatkowe WTS&SAJA shall not be held legally liable for any acts or omissions that follow from the contents hereof.

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