Polish business ready to do battle over new scrutiny
June 10, 2009
The Polish ministry of finance has published a document which identifies areas of possible tax fraud to be investigated, with the aim of raising revenues by catching the cheats. One of the priorities is transfer of income to related parties.
According to the publication, which is titled “An overview of fiscal objectives for 2009”, fiscal control activities should aim at tax audits of branches of foreign entities. If a branch is recognised as a permanent establishment the tax audit should concentrate on verification of the arm’s-length principle with respect to costs and profits allocated between the branch and its head office.
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