The CbC reporting deadline is drawing closer
As part of the OECD's framework to counter the transferring of profits to tax havens, a Country by Country (CbC) reporting mechanism has been established. OECD and G20 countries, including Poland, have committed to implementing this tool.
Who is subject to the CbC reporting obligation?
Entities subject to CbC reporting consist of groups of companies whose consolidated revenues in the previous financial year exceeded:
- PLN 3,250,000,000.00 - if the group of companies prepares its consolidated financial statements in PLN,
- EUR 750,000,000.00 or an equivalent of this amount - in all other cases.
What report do I have to file? By when?
There are two types of reports that can be submitted by electronic means only:
1/ CbC-P
WHO SUBMITS?
An entity belonging to a group of companies, which has its registered office or management board in Poland, or a foreign entity conducting business in Poland through a permanent establishment (e.g., a branch of a foreign entity).
WHEN?
Within 3 months of the end of the reporting financial year of the group (by 31 March 2024*).
2/ CbC-R
WHO SUMBITS?
The parent entity of the group (or designated entity) whose registered office or management board is located in Poland.
WHEN?
Within 12 months of the end of the reporting financial year (by 31 December 2024*).
*in the event the reporting year coincides with the calendar year
At the same time, it should also be noted that failure to fulfill the CbC reporting obligations may result in severe sanctions.
Should you have any additional questions relating to CbC reporting, please contact TIAS Tax Department at: office@tias.pl.
Zobacz również
Best of 2025
2025 was an intense and ambitious year, full of breakthrough moments that will stay with us for a long time.
Merry Christmas!
As Christmas draws near, we wish you a wonderful time spent with your loved ones, filled with good health, joy, and a welcome respite from the hustle and bustle of daily life. May the upcoming year 2026 bring you fulfillment and every success in both your personal and professional endeavors
Repeal of the obligation to publish information on implemented tax strategies
Since 2021, taxpayers with annual revenues exceeding EUR 50 million, as well as tax capital groups, have been required to publish information about their adopted tax strategies for a given tax year on their websites.