Analysis

Transfer Pricing - extension of the deadlines for transfer pricing documentation

Tax alert 1/2018 | 20 February 2018

On Friday, February 16, 2018 Polish Ministry of Finance informed that it is working on approx. 6 months extension of the deadlines for transfer pricing documentation and CIT-TP/PIT-TP forms regarding transactions made by taxpayers in 2017 and 2018.

According to the Announcement of the Ministry, the proposed regulation intends to extend these deadlines until the last day of the ninth month after the end of the tax year (currently the deadline is by filing an annual tax return). In practice, in the case of taxpayers whose tax year ended December 31, 2017 - they would be required to prepare documentation, submit an appropriate statement confirming preparation of the tax documentation to the tax office, and attach CIT-TP/PIT-TP form to the annual tax return by September 30, 2018.

Currently the draft regulation is at the stage of internal consultation. The Ministry plans to release it still in February 2018.

Extending the deadlines for the first two years of new obligations is aimed at addressing taxpayers’ expectations, as well as simplification of tax system. 

For more information, visit the Ministry of Finance’s site (in Polish).

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