The obligation to prepare the so-called Country-by-Country Report (CbC-R) shall lie with the entities that belong to capital groups whose consolidated revenues in the financial year exceeded:
a) the rules specified by the country or territory in which the parent company has its registered office or management board - in the case of a capital group whose parent company has its registered office or management board outside the territory of the Republic of Poland,
b) the last exchange rate published by the European Central Bank on the last day of the financial year preceding the reporting financial year - if:
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:
CBC-R report shall be submitted within 12 months from the end of the financial year. 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 can be sent to the tax authority only by electronic means.
Should you need our assistance in respect of the reports or notifications, we will be happy to help. In case of any additional questions please contact us.