The deadline for submitting the CbC-P for 2024 is 31 March 2025, for entities whose financial year coincides with the calendar year. For other entities, the deadline is three months after the end of the reporting financial year of the group.
What information does the CbC-P report contain?
In the CbC-P report, the Polish entity informs which company in the group submits the CbC-R report and in which country it will be filed.
Who is required to submit the CbC-P?
This obligation applies to entities that are part of multinational enterprise groups meeting certain revenue thresholds. The notification must be submitted by entities whose consolidated revenues in the previous financial year amounted to:
- PLN 3.25 billion – if the consolidated financial statements are prepared in Polish zloty
- EUR 750 million (or equivalent in another currency) – if the financial statements are prepared in a foreign currency.
How and where to submit the report?
The CbC-P must be submitted electronically to the Head of the National Revenue Administration (Szef KAS) using the e-Declarations system. The form is available on the website of the Ministry of Finance[1].
What are the consequences of failing to comply?
Failure to submit the report on time, providing false information, or submitting an incomplete form may result in a fine of up to PLN 1 million, imposed by the decision of the Head of KAS. Additionally, tax authorities may conduct audits to verify compliance with reporting obligations.
To sum up, companies subject to the reporting requirement should promptly verify whether they meet the CbC-P obligation to avoid potential penalties. The form itself is relatively simple, so its completion should not pose significant difficulties. For any additional questions, please feel free to contact us!
[1] https://www.podatki.gov.pl/e-deklaracje/inne/pozostale-interaktywne#CBC-P
