Tax strategy 2022 – the deadline is approaching

What is the tax strategy and who is obliged to publish it?

The obligation to publish the tax strategy concerns:

• all taxpayers whose revenues in the tax year exceeded the equivalent of EUR 50 million,
• capital groups.

The tax strategy consists of information about the fulfillment of tax obligations and the procedures and activities that may have an impact on the amount of tax liabilities. It also includes information about all transactions with related entities and tax settlements in the so-called tax havens.

Learn more about the tax strategy and important guidelines for preparing it.

The tax strategy 2022 – which companies are not obliged to publish the information?

Taxpayers who are parties to a cooperation agreement concluded with the Head of the National Revenue Administration are exempt from the obligation to publish a tax strategy. Such an agreement may be concluded by large entities which agree with the Head of NRA on important issues related to their tax settlements.

Fines and sanctions

Publishing information about the implemented tax strategy is a statutory obligation, and failure to comply with it may result in a fine of up to PLN 250,000. There are also personal sanctions for those responsible for any negligence. It is worth remembering that it is not only the failure to publish the strategy report on time that is subject to fines, but also the preparation of the report incorrectly, against the required standard.

A properly prepared report should confirm that the organization of tax processes in the company supports the timely and reliable fulfillment of obligations towards tax authorities. Therefore, its preparation requires a detailed analysis of such processes in the organization and the implementation of changes, if the analysis reveals any irregularities.

Any type of misconduct in the preparation of the report on the implementation of tax strategy may result in the imposition of sanctions. The amount of a fine will depend on the type of oversight, however, it is extremely important to make sure that the strategy is prepared in the right way, to avoid unwanted consequences.

Tax strategy 2022 – how can we help?

Crowe's experts provide support for companies, including the development of both a tax strategy and a report on its implementation:

• Conducting an audit of tax policies and procedures
• Analysis of tax processes in the organization
• Indication of areas in which there is or may occur tax risk
• Support for the development of due diligence procedures
• Preparation of a tax strategy
• Updating the existing tax strategy
• Development of a tax governance policy
• Preparation of a report on the implementation of a tax strategy