Extension of the time limit for filing the ORD-U information
Regulation of the Minister of Finance which extends the time limit for filing the information about contracts concluded with non-residents (ORD-U form) was published in the Journal of Laws of 6 March 2023. According to the new rules, the ORD-U information should be filed within 11 months of the end of the tax year.
The longer time limit applies to ORD-U information filed for the tax year starting after 31 December 2021. Consequently, for taxpayers whose tax year overlaps with the calendar year, the time limit for filing the ORD-U form does not lapse at the end of March 2023, but at the end of November 2023.
As a result of the amendment, the deadline for filing the ORD-U form and the transfer pricing information (TPR) overlap. It is important because starting from 1 January 2022, entities which file TPR forms are not obliged to file ORD-U forms. However, the exemption does not apply to entities which engage in transactions (whether controlled or not) with tax heavens.
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