Tax strategy – is your business ready for this change?

According to the Ministry of Finance announcements the obligation to prepare a tax strategy, initially planned already for 2020 CIT settlements, will be postponed and apply to CIT reconciliations for 2021 onwards. The strategy is a collection of information about the taxpayer’s tax management, cooperation with the tax authorities, specific transactions and business reorganizations as well as rulings obtained.

The following entities will be obliged to prepare tax strategy:

• tax groups („podatkowe grupy kapitałowe”);
• other taxpayers with annual revenues exceeding EUR 50M.

Our team is already in the process of preparation of tax strategy for some of Our Clients. Usually there are 2 scenarios:

1. Mapping existing processes and procedures and preparation of tax strategy in the form of “master agreement” covering already existing procedures and addressing other areas so far not covered in the internal regulations;
2. Preparation of a complex tax strategy describing process of recognition of particular flows and operations for tax purposes, individuals responsible for tax settlements and tax declarations, procedures in crucial tax areas – such as MDR procedure, WHT procedure, procedure of application 50% costs for creative employees – in the form of tax strategy document.

We commence our work only when the terms of our cooperation are fully clear and accepted by our Client. We propose the fixed fee. Even when our actual time engagement is higher than our assessment, the Client is charged with fixed fee only.

Should you wish to discuss your obligations, we will be happy to hold a call or video call – please contact us: