CBC-P and group documentation must be prepared by the end of March
31 March 2023 is the deadline to comply with important obligations in the area of transfer pricing.
It is about:
– filing the CBC-P for 2022 (when the group’s financial year is the same as the calendar year),
– preparation of a group transfer pricing documentation (Master File) for the financial year 2021 (when the financial year is the same as the calendar year).
– As a reminder, the necessity to submit the CBC-P form will arise when the consolidated revenues of the capital group in the previous financial year exceeded PLN 3.25 billion (with consolidated reporting in PLN) or EUR 750 million or the equivalent amount (in other cases). On the other hand, the preparation of group documentation applies to related entities that are obliged to prepare local transfer pricing documentation, belonging to a capital group and consolidated (using the full or proportional method), if: a consolidated financial statement is prepared and the consolidated revenues of the group exceeded the equivalent of PLN 200 million in the previous financial year,” emphasises Cyprian Werykowski, tax adviser, director at Thedy & Partners.
Taxpayers who forget about these obligations may be punished with sanctions under the Fiscal Penal Code.