Draft regulation on extension of deadlines for submission of transfer pricing information
9 November 2023
On November 8, a draft regulation of the Minister of Finance to extend the deadlines for the submission of transfer pricing information was made available on the Government Legislation Center website.
In the draft, the Ministry of Finance justifies the decision to extend the deadlines for submitting transfer pricing information: “Due to the release of a new software on 30 October 2023, for submitting TPR Information using electronic communication means corresponding to the logical structure available in the Public Information Bulletin on the Ministry of Finance’s entity website, it is necessary to provide taxpayers with adequate time to familiarize with the new tool (transfer pricing information will be prepared for the first time on an interactive online form, in previous years taxpayers were provided with an interactive PDF form). The additional time will allow taxpayers to correctly fulfil the substantive and formal obligations of submitting TPR Information, thus the draft regulation implements the demands made by taxpayers.”
It is important to note that the submission of the TPR form will have a new format and for the first time and will no longer be an interactive PDF file, but via a tool available online on the Ministry of Finance’s website.
According to the draft regulation, the deadline for submitting transfer pricing information is extended for entities whose tax year begins after 31 December 2021:
- until 29 February 2024, if this deadline falls between 1 January 2023, and 30 November 2023
- by 3 months, if this deadline falls between 1 December 2023, and 31 March 2024.
In the justification for the draft regulation, the Ministry of Finance emphasizes that the regulation has no negative impact on the activities of microentrepreneurs and small and medium-sized enterprises.
Due to the need to carry out the legislative process, setting only a three-day period for submitting potential comments to the draft is not surprising. The proposed date of entry into force of the regulation is the day following the date of announcement.
If you have any further questions or require additional information, please contact your business relationship person or use the enquiry form on the HLB Poland website.
***
This publication is non-binding information and serves for general information purposes. The information provided does not constitute legal, tax or management advice and does not replace individual advice. Despite careful processing, all information in this publication is provided without any guarantee for the accuracy, up-to-date nature or completeness of the information. The information in this publication is not suitable as the sole basis for action and cannot replace actual advice in individual cases. The liability of the authors or getsix® are excluded. We kindly ask you to contact us directly for a binding consultation if required. The content of this publication iis the intellectual property of getsix® or its partner companies and is protected by copyright. Users of this information may download, print and copy the contents of the publication exclusively for their own purposes.
