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TP Alert: CIT-TP and PIT-TP are already available on the website of the Ministry of Finance

CIT-TP and PIT-TP are already available

The Ministry of Finance announced that the interactive forms of simplified transfer pricing reports (CIT-TP and PIT-TP) were published on the e-Deklaracje website (a Tax Portal of the Ministry of Finance).

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On September 4th, the interactive forms CIT-TP and PIT-TP (which are to be used for submission of a simplified report on transactions with related parties) were published on the e-Deklaracje website on the Tax Portal of the Ministry of Finance (in Polish):

In the issued statement, the Ministry of Finance confirmed that the new interactive forms allow to submit a simplified report, without a necessity to correct the relevant declaration (either CIT or PIT as applicable to a given taxpayer).

We would like to remind that from January 1st, 2017 taxpayers who conclude transactions or other operations with the related parties, if the value of revenues or costs of these taxpayers exceeds the equivalent of 10 million EUR in the tax year, are obligated to submit a simplified report – CIT-TP or PIT-TP (the same obligation rests on taxpayers concluding transactions, which result in transfer of payment to a country applying harmful tax competition – “tax havens”).

Entities obliged to submit a simplified report must disclose information about transactions or other events related to goods and services, including production, distribution, research and development (R&D), rental or leasing services as well as intra-group services (in particular about management fees, accounting, legal, IT and HR services).

The completed form may be submitted electronically via the e-Deklaracje system using a qualified electronic signature.

It is also possible to submit an older, paper version of the CIT-TP/PIT-TP forms. However, this possibility applies only to the CIT-TP/PIT-TP forms, in the versions effective from June 23rd and June 24rd, 2017 respectively. In addition, according to the statement published by the Ministry of Finance on September 4th, submitting the paper form triggers the necessity to correct the annual CIT/PIT declaration. Nevertheless, according to the explanations of the Ministry of Finance, the old forms can be submitted only until September 30th this year.

We would also like to remind that initially, the entities concluding transactions with related parties were to submit a simplified report by the end of third month after the end of the tax year. However, the Ministry of Finance met the expectations of taxpayers and extended the deadline to the end of the ninth month.

Should you have any questions or doubts please feel free to contact us.
 

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