On 23.10.2018. The Parliament passed a government bill amending the Personal Income Tax Act, the Corporate Income Tax Act, the Tax Ordinance Act and some other acts.
The Act introduces a number of changes in terms of transfer pricing, including:
- introduction of legal definitions of key transfer pricing concepts,
- the abolition of the documentary obligation for domestic transactions under certain conditions,
- redefinition of related entities (extension of the catalogue of links),
- determination of the documentation obligation,
- conditions for the preparation of transfer pricing group documentation (Master file)
- the introduction of simplified rules for (safe harbour) certain types of transactions,
- conditions for adjustment of prices applied between related parties.
Author: Piotr Rzepka ? Tax consultant
