Transfer pricing documentation requirements: 13 October saw publication in Rzeczpospolita daily of an article entitled “Czas zacząć prace na dokumentacją” by our tax advisor Grzegorz Młynarczyk. The article deals with transfer pricing and related disclosure duties.
Taxpayers are in for more extended documentation requirements for related party transactions.
New regulations of the Minister for Finance and Development of 12 September 2017 (see Journal of Laws of 18 Sep 2017, items 1752 and 1753), which entered into force on 3 October, prescribe a detailed range of disclosures to be made in the documentation. Most taxpayers will have to prepare completely new types of reports. Moreover, a great majority of them (those whose fiscal year equals the calendar year) will have to have complete documentation in place before the end of March 2018. This is a major change over previous years.

For full text of the article, see Rzeczpospolita on-line or here.