How did the legislator make it possible to use this legal and tax tool to reduce tax liabilities within the capital group? What is the impact of TCG on the freedom to make transactions between its related entities?
From 2019, the amendment to tax laws introduced a new tool for reporting controlled transactions called - Information on transfer pricing (TP-R). The electronic TP-R form submitted to the head of KAS will replace the existing PIT / TP, CIT / TP declarations.
Taxpayers must remember that the lack of a statutory obligation to prepare documentation does not preclude the need to prepare and submit to the tax authority, upon request, complete local documentation within 30 days.