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Post by account_disabled on Oct 26, 2023 3:12:47 GMT -5
Involves, inter alia, controlled transactions concluded exclusively by domestic entities, subject to certain conditions whose overall value does not permanently constitute income or tax-exempt costs, subject to appropriate exceptions, in which the price is determined in accordance with the Act of 2018 Foreign establishments located in the Republic of Poland allocate income to public tenders by foreign affiliated entities in Poland if the terms of a double taxation agreement provide that such income is taxed outside the Republic of Poland. Furthermore, the obligation to have a group transfer pricing document can be fulfilled by directly using a document, also in English, prepared for this purpose by another entity in the group. Extension moible number data of deadline for preparation of documentation The amendment bill extends the deadline for submission of a statement of preparation of local transfer pricing documentation to the end of the month following the end of the tax year. In turn, the deadline for preparing group transfer pricing documentation has been extended to three months. After the end of the tax year. It is worth noting that in the statement on the preparation of local transfer pricing documentation the entity declares that local transfer pricing documentation has been prepared and that transfer prices for controlled transactions covered by local transfer pricing documentation are determined based on terms agreed between unrelated entities. Regulations are being introduced that recognize the obligation of taxpayers to use current year market prices based on their best knowledge.
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