Time for a tax strategy
Taxpayers with revenues exceeding €50 million in a tax year and tax capital groups regardless of their revenues, are obliged to prepare information on their tax strategy and publish it on their website. The strategy report should contain the information required by the CIT Act.
Companies are obliged to publish the strategy report on the website and notify the tax authority by the end of the twelfth month following the tax year. Thus, for taxpayers whose tax year is the calendar year, the deadline is the end of 2024.
Failure to comply with the requirements for publishing the tax strategy report is subject to a fine of up to PLN 250,000.
When preparing the tax strategy report, it is advisable to check whether internal procedures for the tax function need to be supplemented or updated. It is also advisable to consider certain other obligations imposed on the largest taxpayers. In particular, the obligation to file a report on payment terms in commercial transactions or the obligation to file the CIT JPK as early as 2025 (for taxpayers whose revenues will exceed €50 million in 2024).
If you require further information or assistance in correctly fulfilling the above obligations, please do not hesitate to contact us..
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