Further to the latest Country-by-Country Reporting Guidelines prepared by the OECD (September 2017), entities included in the consolidated financial statement under equity accounting rules should not be subject to CbC reporting.As stated in in Chapter III of the OECD Guidelines: „[…] an entity included in the MNE Group’s consolidated financial statements under equity accounting rules would not be a constituent entity”.
Nevertheless, despite such a clear indication by the OECD, Polish law does not refer to it so literally. In this context, the Polish Ministry of Finance and Development issued an answer to the frequently asked question stating that entity consolidating their financial statements under the equity accounting rules are NOT obligated to file CBC-P statement. Also, such entities are not covered by CbC reporting.
