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.

1000

Related content

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

The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us

 

Want to do business with KPMG?

 

loading image Request for proposal