Deadlines applicable to real estate rich companies

CIT return and payment - planned deadline postponement

As a rule, CIT taxpayers are obliged to submit a tax return on the amount of income earned or loss incurred in a tax year by the end of the third month of the following year and, by that deadline, pay the due tax or the difference between the due tax indicated in the return and the sum of advances paid for the period from the beginning of the year.

However, recent development for CIT taxpayers is the planned shift in deadline for filing tax return together with the payment of tax. According to the draft legislation, the deadline is planned to be extended to 30 June 2022 for CIT taxpayers whose tax year ended between 1 December 2021 and 28 February 2022.

Currently, the regulation of the Minister of Finance is at the opinion stage.

Transfer pricing documentation

Under the changes introduced by the Polish Deal, transfer pricing documentation for the 2021 tax year must be prepared by related parties by the end of the tenth month after the end of the tax year.

Group transfer pricing documentation, on the other hand, should be prepared by the end of the twelfth month after the end of the tax year.

Information on ownership structure

By the end of the third month after the end of the tax year, real estate rich companies are obliged to provide the Head of the National Tax Administration with information on entities holding, directly or indirectly, in this real estate rich company shares (stocks), all rights and obligations, participation titles or rights of similar nature, including the number of such rights held by each entity. The information should be provided as at the last day of the company's tax year.

Tax strategy

Information on the tax strategy pursued for the tax year should be posted on the taxpayer's website by the end of the twelfth month following the end of the tax year.

This obligation applies to tax capital groups and taxpayers whose revenues exceeded the equivalent of EUR 50 million converted into PLN in the tax year.