01 August 2018 Poland proposes changes to transfer pricing law Poland's Government Legislation Center published on July 16 for public consultation, a draft amendment to the Act on corporate income tax (CIT) and personal income tax (PIT) regarding transfer pricing rules. The published draft proposes significant changes to the new provisions on transfer pricing (TP) documentation introduced in 2017. The proposed changes seek to reduce the administrative burden imposed on taxpayers by increasing documentation thresholds and introducing "safe harbors." However, at the same time, the draft law grants broader powers to tax authorities in the area of assessing the merits of transactions between related parties and validating the applied TP policy, which may make TP audits in Poland more difficult. Document ID: 2018-1545 |
