Post by account_disabled on Mar 16, 2024 5:14:25 GMT
A country-region reporting is part of the mandatory tax reporting for large international business groups. The country-by-country reporting obligation under the Information Exchange Act applies to capital groups whose consolidated revenue for the preceding financial year exceeds , , , and if a capital group prepares its consolidated financial statements in euros , , or an equivalent amount converted in accordance with the principles laid down in the Information Exchange Act. If the fiscal year covers a period other than months , the consolidated revenue threshold amount for each starting month of the fiscal year is set to . The obligation to submit entity group information ( ) generally rests with the parent entity. In addition, other reporting entities.
Within the group that are included in the consolidated financial statements are also obliged to file notifications. Deadline related to country-by-country reporting Information on a group of entities should be provided within 3 months after the end of the financial year for which the group reports. If a group of entities has a reporting AWB Directory financial year that coincides with the calendar year, then a filing for the year should be made by the end of the year. This obligation mainly applies to entities that are group parents but in certain circumstances also applies to entities that are not parent entities.
![](https://static.wixstatic.com/media/58c3ae_ce1f35bb1b5948e39a63f52484b03323~mv2.png/v1/fill/w_600,h_600,al_c,lg_1,q_85,enc_auto/58c3ae_ce1f35bb1b5948e39a63f52484b03323~mv2.png)
Parent company for the given period covered by the notification. The deadlines for filing notifications will differ if a Polish company belongs to more than one entity group and its reporting financial year is determined differently. Each notification must be filed within months after the end of the reporting fiscal year for a given entity group. Whether taxes paid on the extraction of certain minerals should be included in the Income Tax Paid and Income Tax Payable fields reported for the financial year. Certain mineral extraction taxes do not fall within the definition of income tax. Their value is included.
Within the group that are included in the consolidated financial statements are also obliged to file notifications. Deadline related to country-by-country reporting Information on a group of entities should be provided within 3 months after the end of the financial year for which the group reports. If a group of entities has a reporting AWB Directory financial year that coincides with the calendar year, then a filing for the year should be made by the end of the year. This obligation mainly applies to entities that are group parents but in certain circumstances also applies to entities that are not parent entities.
![](https://static.wixstatic.com/media/58c3ae_ce1f35bb1b5948e39a63f52484b03323~mv2.png/v1/fill/w_600,h_600,al_c,lg_1,q_85,enc_auto/58c3ae_ce1f35bb1b5948e39a63f52484b03323~mv2.png)
Parent company for the given period covered by the notification. The deadlines for filing notifications will differ if a Polish company belongs to more than one entity group and its reporting financial year is determined differently. Each notification must be filed within months after the end of the reporting fiscal year for a given entity group. Whether taxes paid on the extraction of certain minerals should be included in the Income Tax Paid and Income Tax Payable fields reported for the financial year. Certain mineral extraction taxes do not fall within the definition of income tax. Their value is included.