Pursuant to the provisions of the amended Act on Counteracting Excessive Delays in Commercial Transactions, in force from 1 January 2020, some entrepreneurs are required to submit a report on payment deadlines they apply in commercial transactions. Which companies have to comply with this obligation?
The report is submitted annually by 31 January each year. Therefore, the report for 2020 should be sent from 1 January 2021 to 31 January 2021. Failure to submit the report by 31 January 2021 is deemed an offence punishable by a fine.
The obligation to submit the report applies to the entities specified in Art. 27b paragraph. 2 of the Corporate Income Tax Act, i.e .:
The report is submitted by the managers of the obliged entities within the meaning of the regulations. Reports of tax capital groups are submitted by the manager of each of the group companies.
The report is drawn up electronically on the website www.biznes.gov.pl. It should be signed with a trusted profile or a qualified electronic signature.
The report includes a range of information indicated in the Act on Counteracting Excessive Delays in Commercial Transactions.
The submitted reports will be made public in the Public Information Bulletin of the Ministry of Development, Labour and Technology.