Polish Minister of Finance explanations on cash register receipts classified as simplified invoices

The possibility of issuing simplified invoices (so-called receipt with TIN) was introduced in 2013 and since then many taxpayers’ doubts have grown around them. Recent changes to regulations and growing doubts as to their application have prompted the Minister of Finance (MF) to issue on 20 October 2020 tax clarifications in this regard. A simplified […]

No CFC for Tax Transparent Entity

This is the end of the 5-year CFC dispute. The Supreme Administrative Court finally confirmed what we have argued for from the beginning: that income derived by a tax transparent partnership should be considered business activity income aid, in consequence, non-passive income on the grounds of the CFC regulations. What was the background of the dispute?  Some time ago the tax authorities came to the conclusion that it would be good to cut all the discussions and […]

Extension of deadline for submitting applications for co-financing of employees’ salaries

We would like to inform you that the deadline for submitting applications for the co-financing of employees’ salaries from the Guaranteed Employee Benefits Fund (GEBF) has been extended. The applications may be submitted until the 30th day after the date of the cancellation of the epidemic status. This change was introduced by “Anti-Crisis Shield 5.0” […]

Minister of Finance’s general ruling on a 50% rate of the tax-deductible cost of revenues for authors

According to the recently published general ruling of the Minister of Finance, tax-deductible costs connected with the use of copyright by authors and performers of related rights amount to 50% of revenue. These costs are calculated on income reduced by social security contributions. The ruling indicates the conditions under which it is possible to apply […]

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