Poland proposed legislation on Country by Country (CbC) reporting and related transfer pricing reporting obligations. The proposed legislation reflects the reporting obligations as included in Action 13 of the OECD’s initiative on Base Erosion and Profit Shifting. To be more specific, Poland has introduced thresholds for the Local File, Master File and CbC-report. If a threshold is met, a taxpayer or resident entity, part of a multinational corporate group, is required to create the transfer pricing documentation as shown below:
The proposed legislation is scheduled to enter into force as per 1 January 2016.