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DZP alerts.
29.01.2021
Authors:
Jan Czerwiński
Grzegorz Sprawka
Tomasz Leszczewski
Paweł Suchocki
Practice:
Specialisations:
On January 1, 2021 a new amendment to the tax legislation, introducing a new obligation to prepare and publish information on the implemented tax strategy, came into force.
The first tax strategy for 2020 should already be published. Its preparation may involve difficulties due to a wide range of information to be disclosed and vaguely worded requirements, on the one hand, and due to the risk of disclosure of sensitive data, on the other. It is necessary to exercise caution in the context of the management's responsibility in the event of disclosure of confidential information.
The obligation will apply to:
Key assumptions
The new regulations provide that the taxpayers will be required to prepare and publish information on the tax strategy being implemented, in particular:
This obligation applies to all taxes.
Information on the implemented tax strategy for the tax year should be published on the taxpayer's website by the end of the twelfth month following the end of the tax year. In the future, information on the executed strategy for each year should be available on the website.
The taxpayer will also be required to provide the competent head of the tax office with information about the address of the website where the information was published.
A taxpayer who fails to comply with the obligations may be fined up to 250 thousand zlotys.
The new information obligation is made more difficult to comply with by the fact that it was formulated using terms that are vague or did not previously exist in tax law. The burden of properly determining the minimum information to be published has therefore been shifted to entrepreneurs. This will require prudence and precision so that the statutory obligation is duly fulfilled without exposing the enterprise to disclosure of, in particular, commercial or industrial secrets.
The publication of the tax strategies may pose a business and legal threat to the disclosure of company secrets, therefore it will be important to involve people with not only tax but also legal experience.
The Domański Zakrzewski Palinka law firm team, consisting of both legal and tax experts, can support you in filling
in the new obligation, in particular with respect to:
From 25 May 2018 the General Data Protection Regulation (GDPR) applies in Poland and other European Union countries. We would therefore like to give you several details on the subject of how DZP processes personal data.
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