Who must submit the report on payment terms in commercial transactions?
The obligation to submit the report concerns corporate income taxpayers, whose:
- income obtained in the tax year that ended in the calendar year preceding the year in which individual taxpayer data is made public exceeded the equivalent of €50 million, and
- who were included in a compilation published by the Polish Minister of Finance by September 30th of the year for which the report is submitted. The compilation was published here: https://www.gov.pl/web/finanse/2021-bis.
Public entities that are medical entities are exempted from submitting the report.
What doest thereport contain?
The report on payment terms in commercial transactions contains:
- The value of cash benefits received in the previous calendar year within the period specified in the contract
- the value of cash benefits met in the previous calendar year within the deadline specified in the contract
- the value of cash benefits not received in the previous calendar year within the deadline specified in the contract, for which the deadline was exceeded by:
- not more than 5 days
- 6 to 30 days
- 31 to 60 days
- 61 to 120 days
- more than 120 days
- the value of cash benefits not fulfilled in the previous calendar year within the deadline specified in the agreement, in case this deadline has been exceeded by:
- not more than 5 days
- 6 to 30 days
- 31 to 60 days
- 61 to 120 days
- more than 120 days
- the percentage share of individual cash benefits not received in the previous calendar year within the deadline specified in the agreement, in the total value of monetary benefits owed to you in the previous calendar year
- the percentage of individual cash benefits not fulfilled in the previous calendar year within the timeframe specified in the contract in the total value of cash benefits you were obligated to fulfill in the previous calendar year.
Failure to submit the report is punishable by a fine of up to PLN 5,000. In case of failure to submit the report on time, all members of the management board shall be held responsible.
Should you be subject to the above reporting obligations, we will be happy to assist you in this regard.