On December 9, 2020, a message on the obligation to prepare and publish information on tax strategies was published on the website of the Ministry of Finance.
According to the latest amendments to the CIT Act, there are two categories of taxpayers required to disclose information about tax strategies, i.e.:
- tax capital groups, regardless of the amount of generated revenues, and
- taxpayers other than tax capital groups, who achieve revenues in the tax year exceeding the threshold of EUR 50 million.
Information on tax strategies will be posted by taxpayers on websites and information on the website address will be obligatory forwarded to the tax office.
Considering that no transitional period has been set to these regulations, they will come into force as early as January 1, 2021. In practice, this means that taxpayers will be required to prepare and provide information also for 2020.
The deadline for providing such information is the end of the twelfth month after the end of the tax year. For taxpayers whose tax year is the same as the calendar year, this means the deadline until December 31, 2021.
The purpose of introducing new regulations is to increase the transparency of corporate income tax settlements by the largest Polish CIT taxpayers.