The Polish order introduces higher penalties with reference to documentation of transfer pricing
The amendment to the Tax Acts, the so-called Polish Order, also introduces changes in the Fiscal Penal Code as regards the level of penalties within the scope of transfer pricing. The Polish Order provides for the possibility of applying a penalty of even up to about 27 million zlotys against persons who do not draw up documentation of transfer pricing, do not attach the group documentation to the local file or draw up documentation not corresponding to the actual state of affairs. The penalty also refers to the failure to meet the obligation of submitting TPR or to the provision in TPR of information not corresponding to the documentation or the actual state of affairs. Additionally, penalties are also established of even up to 9 million zlotys for preparing the transfer pricing documentation with a delay or for submitting TPR information with a delay.
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