Between the letter of the law and the market price

The article discusses the application of transfer pricing regulations in Poland, particularly focusing on Article 11b of the CIT Act, which exempts certain transactions from transfer pricing rules. It highlights recent interpretations by the Director of the National Revenue Information (KIS) regarding transactions involving investment funds and pharmaceuticals, emphasizing that prices determined by law do not need to be explicitly stated. The article also addresses the complexities surrounding corporate transactions and the need for careful qualification to avoid misapplication of transfer pricing rules.