Country-by-Country 2021 reporting

We would like to remind that entities being part of capital groups whose consolidated revenues in the financial year exceeded

• PLN 3.25 billion - in case of capital groups preparing consolidated financial statements in PLN,
• EUR 750 million - in case when a capital group, in which the parent company has its registered office or management in Poland, prepares consolidated financial statements in currencies other than PLN,

are obliged to prepare so called Country-by-Country Report (CbC-R).

The report should be submitted in the country of the parent company, however, the capital group may designate another entity from the group to submit a CbC-R in the country of its residence.

Companies having their seat or management in Poland or foreign entities having a branch in Poland are obliged to submit a notification to the Head of the National Tax Administration confirming that the company:

• Is a parent entity, a designated entity or other entity that provides information about a capital group – CbC-R

or

• Indicates the reporting company and the country where the information of the capital group will be filed – CbC-P.

Country-by-country reporting - what is the deadline?

• The CbC-R report shall be submitted within 12 months from the end of the financial year, whereas the CbC-P notification shall be submitted within 3 months of the end of the financial year.
• Both the CbC-R report and the CbC-P notification may be filed by electronic means only.

How can we help?

Should you need our assistance in respect of the reports or notifications, we will be happy to help. In case of additional questions please feel free to contact us.