Obligations regarding the information on the implementation of the tax strategy for 2023

As the end of 2024 approaches, we would like to remind you of the obligation to prepare and make public the information on the tax strategy implemented in 2023. The obligation to prepare and publish information on the implemented tax strategy, in accordance with Article 27c of the Corporate Income Tax Act dated 15th of February 1992, applies to tax capital groups and other taxpayers who in 2023 achieved revenue exceeding the equivalent of EUR 50,000,000.

The threshold of EUR 50,000,000, which requires taxpayers to prepare and publish information on the implemented tax strategy for 2023, amounts to PLN 217,400,000.00 (converted into PLN based on the average exchange rate of the National Bank of Poland as of 29th of December 2023). The information on the implemented tax strategy should be prepared in Polish and published on the taxpayer’s website, or on the website of an entity associated with the taxpayer – if the taxpayer does not have his own website. The deadline for fulfilling the obligation to prepare and publish information on the implemented tax strategy expires 31st of December 2024.

An additional obligation of the taxpayer required to prepare and publish information on the implemented tax strategy is to notify the relevant Head of the Tax Office of the website address where the taxpayer has posted the information on the implemented tax strategy – this obligation must also be fulfilled by 31st of December 2024. Failure to meet this obligation may result in a financial penalty of up to PLN 250,000.00.

The regulations impose these obligations for each tax year in which the revenue criteria (or membership in a tax capital group) has been met. The information on the implementation of the strategy must be prepared regardless of whether it was prepared in previous years, even if the information presented in the past has not changed. An update of the information also requires its preparation as new information for the specific tax year in which the taxpayer is subject to these obligations. The same applies to the obligations of publishing and informing the appropriate Tax Office.

If it is necessary to prepare or update the information on the implementation of the tax strategy in the case of arising of an obligation for 2023, we are at your disposal for its’ proper preparation.

Source: The article was created in collaboration with our cooperation partner – SMW Tax Advisory

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.

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