Transfer pricing - deadline for TPR Information extended

More time to submit TPR information

On 27 November, the Ministry of Finance published in the Journal of Laws a regulation aimed at extending the deadline for the submission of Transfer Pricing Information (TPR).  

As we read in the text of the regulation, entities obliged to submit TPR Information are granted an extension:

• until 31 January 2024 for filing transfer pricing information, if the deadline expires between 30 November 2023 and 31 December 2023.

New TPR form 

The submission of TPR Transfer Pricing Information is nothing new, but this year taxpayers will need to familiarise themselves with the online interactive form that has been introduced (previously only PDF interactive forms were available).

The new forms contain a number of changes, the most important of which include:

• a change in the authority to which TPR information is submitted,
• the separation of indicators on general financial information for small and micro-entities,
• a distinction between controlled and non-controlled transactions,
• the introduction of new transactions exempt from the obligation to prepare local TPR documentation,
• the addition of statements that the entity has prepared the local transfer pricing documentation in accordance with the actual state of affairs and that the transfer prices covered by it are determined on terms and conditions that would be agreed between unrelated parties.

TRP information - get help from our experts

Although there will be more time to submit the TPR Information, as experience from previous years has shown, this obligation is not worth putting off until the last moment. Especially as there are several changes to be familiarised with this year, and it is possible that the closer we get to the required deadlines, the more overloaded the IT system for reporting may become.

Crowe's experts provide support in fulfilling transfer pricing documentation obligations. As part of our services, we offer assistance for, inter alia:

• preparation of comprehensive transfer pricing documentation
• adjustment of existing transfer pricing documentation to Polish requirements
• development and implementation of transfer pricing policies 
• preparation and submission of TPR forms