Obligatory information on the implemented tax strategy for the greatest cit payers as early as from 2021
Tax capital groups and tax payers whose revenues exceeded 50 million euros in a tax year shall be obliged to provide to the public information the tax strategy implemented by them.
The implemented tax strategy is information about the procedures applied by a tax payer within the scope of tax obligation management. The explanatory statement for the amendment provides that the published document shall constitute an instrument which is to contribute to the solution of the global issue concerning taxation evasion.
The information must refer to the nature, type and range of the conducted activity and it should also contain other obligatory elements in accordance with Article 27c of the amended CIT Act.
The information on the implemented tax strategy should be placed by a tax payer on its website whose address is to be forwarded to the chief officer of the relevant revenue Office by the end of the 12th month after the completion of tax year. For the failure to meet the obligation penalties may be imposed up to even 250 thousand zlotys.