Please see the most important changes on the grounds of CIT: New reliefs, to include: increase from 150% to 200% of the amount eligible for deduction of qualified costs in R&D Centre (CBR), including those related to obtaining and maintaining a patent, right of protection for a utility model, right from registration of an industrial […]
The Polish New Deal – VAT revolution ahead?
The reform is to come into force in vast majority as of the beginning of next year. What will change in VAT settlements? Introduction of “VAT Group” – possibility of voluntary, joint VAT settlement by several taxpayers constituting the VAT Group: the VAT Group – a group of entities related financially, economically and organizationally, registered […]
The Polish Order introduces changes to transfer pricing
The draft Polish Governance Act introduces further changes to transfer pricing (TP): New penal fiscal sanctions failure to prepare local transfer pricing documentation, preparation of transfer pricing documentation not in line with actual background, failure to submit information on transfer pricing (so-called TPR form), or submitting information that does not correspond with the local transfer […]
Polish Deal – Part 1. New competencies for the National Revenue Administration
The announced draft changes to the Act on the National Revenue Administration aims at providing new tools for National Revenue Administration (NRA). Warning about suspicious entities Tax authorities, in the course of their daily activities, collect a broad spectrum of information from all of the taxpayers. The proposed changes include a new competence for the Head of […]
New Tax Deal in Poland – real estate sector
The draft version of tax changes presented by the Ministry of Finance under the so-called “Polish New Deal” act introduces a number of modifications important for real estate companies. Most of the planned regulations are expected to enter into force as of the tax year 2022. Below we present some of the major issues that […]
Tax strategy – is your business ready for this change?
According to the Ministry of Finance announcements the obligation to prepare a tax strategy, initially planned already for 2020 CIT settlements, will be postponed and apply to CIT reconciliations for 2021 onwards. The strategy is a collection of information about the taxpayer’s tax management, cooperation with the tax authorities, specific transactions and business reorganizations as […]
The Polish New Deal – VAT changes
The Polish Ministry of Finance intensively works on changes concerning VAT taxation. In July 2021, the draft amendment to the Polish tax regulations so-called “the Polish New Deal”, including also changes in the VAT Act was published. New VAT regulations are going to be implemented to the domestic tax system since January 1, 2022. Please […]