Poland: Commercial transaction reports of large corporate taxpayers due 1 February 2021
Poland: Commercial transaction reports
Large corporate taxpayers and tax capital groups are required to submit an annual report regarding the payment dates under commercial transactions.
In general, the reports must be submitted by 31 January annually by the taxpayer’s management or board. However, the first report covering 2020 is due by 1 February 2021. A failure to comply with this requirement may result in a penalty being imposed on certain responsible persons (usually members of management board). Entities required to file a report are:
- Taxpayers (other than tax capital groups) that in the previous financial year had revenue exceeding €50 million
- Tax capital groups (regardless of the revenue earned)
Read a December 2020 report prepared by the KPMG member firm in Poland
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