A draft regulation extending the deadline for preparing financial statements, including consolidated statements for 2021, has already been submitted for public consultation, and a second draft extending the deadline for CIT is currently under preparation.
Both drafts are a response to staff shortages resulting from the difficult pandemic situation and to the requests of accountants, now heavily involved in implementing the new Polish Order tax system rules.
The drafted provisions extend the deadlines for, inter alia, the preparation, approval and submission of financial statements for the year 2021 relating to:
The regulation is to enter into force as soon as possible, i.e., a day after its publication.
The Ministry of Finance is also preparing a draft regulation extending by 3 months the deadline to submit the 2021 CIT return for all taxpayers.
The deadline will be extended by 3 months for:
All above-mentioned changes are expected to have a positive impact on the businesses and especially the finance and accounting departments during the period of increased workload.
Financial statement preparation