Further to the contemplated amendments to the CIT Act as of 1 January 2021, a new requirement will be introduced for businesses to publish a tax strategy in relation to their Polish taxation.<\/p>\n
A company\u2019s tax strategy would cover expenditures determining the company\u2019s overall tax liability, as well as operations connected with keeping records and accounts. Taxpayers should also report expenditures required to address tax problems and mitigate tax risks.<\/p>\n
Taxpayers may opt for one of the following two types of tax strategies:<\/p>\n
The tax strategy would cover:<\/p>\n
The obligation to disclose a tax strategy will apply to:<\/p>\n
The proposal fails to specify whether the obligation to publish a tax strategy is effective for tax years ended on or after 31 December 2020. If the Act enters into force this year, the entities that are required to publish tax strategies will need to do so for the first time in respect of the full financial year 2020.<\/p>\n