News / Tax Alert: CbC-R (Country-by-Country Reporting) group information reports.
We would like to remind you that controlling entities being a part of large international capital groups and based in Poland are required to provide the Head of the National Revenue Administration (KAS) with CbC-R (Country-by-Country Reporting) group information reports.
Under the Act on Exchanging Tax Information with Other Countries dated 9 March 2017 (uniform text in the Journal of Laws of 2019, item 648, as amended), the threshold amounts for groups preparing consolidated financial statements, the crossing of which requires the group to file a CbC-R report are:
• PLN 3.25 billion if the group prepares consolidated financial statements in PLN;
• EUR 750 million (or an equivalent amount where other currencies are used).
The CbC-R report must be filed before the end of the 12th month after completion of the reporting financial year.
Furthermore, group companies whose results are consolidated in financial statements of a group obliged to file a CbC-R report, which companies do not submit such reports themselves, are required to submit CbC-P notifications indicating the reporting unit and the country where the relevant CbC-R report will be submitted.
The CbC-P notification must be filed before the end of the 3rd month after completion of the group’s reporting financial year.
Importantly, both the CbC-R report and the CbC-P notification must be submitted electronically.
On 6 November 2019, the Ministry of Finance announced that no work was being carried out in order to publish a new CBC-P notification template. Consequently, the CbC-P(2) template applies as available on the Tax Portal, displayed as an interactive link in the e-Declarations / Other / Others tab (link: https://www.podatki.gov.pl/e-deklaracje/inne/pozostale-interaktywne/#CBC-P ).
A CbC-R report template is available at the same address.