This is to let you know that the Minister for Finance, Funds and Regional Policy (“Minister”) has recently published draft regulation of 9 March 2021 on the postponement of the date for the filing of income (loss) return and the payment of tax by corporate income tax payers (“Proposal”).

In accordance with the Proposal, persons liable to CIT would have a longer time, i.e. until 30 June 2021, to:

  1. file their income (loss) return for the tax year ended between 1 December 2020 and 28 February 2021, and
  2. pay the tax due as per that return, or the difference between the tax due on their net income as per the return and the sum total of advance tax payments from the beginning of the tax year.

Although the same provision was already made in the Bill of 25 February 2021 to amend the Excise Tax Act and certain other acts (this legislation has been transmitted to the Senate; see Sejm paper no. 86 and Senate paper no. 335), the Minister says that, given the schedule of parliamentary proceedings, there is no guarantee the Bill will become law for the changes to enter into force before 31 March 2021.

Therefore, a decision has been made to extend the deadlines using a statutory instrument (regulation) which has contains identical rules as the Bill while at the same time giving taxpayers a real opportunity to make use of the legislated solution.

The Proposal is scheduled to become law on the day next following its promulgation.

Currently the Proposal is undergoing governmental consultations. We will keep you up-to-date on the progress of this legislation.

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

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ul. Roosevelta 22

60-829 Poznań

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