There will be new model declarations for foreign controlled entities.

The Minister of Finance has published two draft ordinances, in which he has specified model declarations on the amount of income obtained from a foreign entity. In one regulation, the designs are CIT-CFC and Appendix CIT / CFI. The second is PIT-CFC and the PIT / CFI attachment. – The new model declarations took into account changes in the regulations – PIT and CIT – in force from January 1, 2019. definition of a controlled foreign entity A foundation, trust or foreign tax capital group may also be recognized as a foreign entity. The criteria for recognizing a foreign entity as a controlled entity causing the obligation to pay tax in Poland in the form of holding shares, voting rights, actual control over the entity and generating qualified income from its activities are new – reminds Łukasz Kupryjańczyk, tax advisor, partner in Thedy & Partners. New forms (CIT-CFC and PIT-CFC) take into account these changes in regulations. Attachments (CIT-CFI and PIT-CFI) include information on a foreign controlled entity, which is necessary to calculate the foreign income of the controlled entity.

Projects available at: www.rcl.gov.pl