Transfer pricing - extension of deadlines in 2021
Among the changes introduced by the Act published on 30 March 2021 amending the Excise Duty Act and certain other Acts, there have also been regulations concerning the extension of the deadlines for submitting the TP-R form and the statement on the preparation of local transfer pricing documentation.
The published changes constitute an extension of the simplifications known from the Anti-Crisis Shield 4.0 and refer to the pandemic of COVID-19. These changes to the deadlines for the preparation of transfer pricing documentation enter into force on the date of the announcement, with effect from 1 February 2021. So, the extended deadlines are also available to those taxpayers who were required to submit a TPR-C and a local documentation statement before 31 March 2021.
The extended deadlines cover:
- the submission of transfer pricing information (TPR);
- the submission of a statement on the preparation of local transfer pricing documentation.
New deadlines:
- until 30 September 2021 - if the deadline expires between 1 February 2021 and 30 June 2021
- 3 months longer - if the deadline expires between 1 July 2021 and 31 December 2021
