Taxpayers should integrate the Polish white list check as a mandatory internal control during payment and settlement processes. From a tax perspective, the following adjustments need to be made to minimize tax risks:

  • Verify, before executing a payment (i.e., on the day of the transfer order), that payment is made to the bank account included in the list; and
  • Once payments are executed, verify whether payments were made to bank accounts contained in the list
  • Notify the head of the respective tax office about any potential errors within three days from the transfer order date to avoid sanctions.

What do we offer?

For companies running SAP, KGT has developed an SAP add-on where the relevant data is checked automatically. The add-on populates from SAP all relevant data available in the white list and validates in a batch job this data with the data of the Whitelist. The cockpit displays any errors and correctness.

The results are also archived in SAP. A taxpayer can prove during a future tax audit that it has implemented ‘state of the art’ tax controls. From tax risk management, it is also possible to check the transactions that already took place.

Source: KGT