March 26, 2021
Polish Minister of Finance signs decree deferring deadline for settlement of 2020 CIT liability and filing of 2020 final CIT returns
On 26 March 2021, the Polish Minister of Finance signed the Decree under which the deadline for submitting of the corporate income tax return (CIT-8) is postponed until 30 June 2021 (the original deadline is 31 March 2021). The deferral also postpones the deadline to settle annual CIT liability by the same date and is part of the measures to support the Polish taxpayers in response to the COVID-19 impact.
The extension requires no action on the taxpayer's side, i.e., the statutory deadline is automatically extended by three additional months and no additional motion or justification is needed.
In addition, it is also planned to issue a decree, pursuant to which, the deadline for preparation of the 2020 financial statements will be postponed by three months. Work on this decree is at the final stage of the legislative process.
Future Alerts will report on new developments in this area.
For additional information with respect to this Alert, please contact the following:
EY Doradztwo Podatkowe Krupa sp.k., Warsaw
EY Doradztwo Podatkowe Krupa sp.k., Wroclaw
Ernst & Young LLP (United States), Polish Tax Desk, New York