The rules on indirect tax haven transactions have significantly expanded as of 2021. Due to their huge administrative burden, the legislator proposes their amendment. What is also important is that taxpayers will have the possibility to apply the new regime to transactions and in consequence, Transfer Pricing obligations, for 2021. According to our initial analysis […]
ATAD 3 – The “unshell” directive will be the end of shell companies?
In December 2021, the European Commission published a draft of the EU Directive (2021/0434 (CNS)), also known as ATAD 3, which introduces restrictions on preferences for multinational groups that include entities with limited business substance. The directive establishes restrictions on the use of tax preferences and provides for information obligations for taxpayers. The entities covered […]
Changes in CIT Act
A proposition of amended CIT regulations was presented by Ministry of Finance. As of 1 January 2023, the planned changes are about to come into force. Withdrawal of “hidden dividend” regulations One of the most important changes is withdrawal of hidden dividend regulations which was to be introduced within Polish Deal 1.0. Hidden dividend means […]
Polish Deal 2.0 – Tax changes from 1 July 2022
Tax changes introduced as of 1 January 2022 (the so-called Polish Deal) have caused major uncertainties when calculating salaries for employees. For this reason, the Ministry of Finance decided to introduce new legislation which aims at simplifying tax settlements. Tax changes are already in force and will apply to settlements as of the beginning of […]