The purpose of this publication is to summarize basic differences between CIT-TP form (submitted by larger taxpayers in recent years) and its new equivalent – TPR form. A wider range of related parties will be required to submit the TPR form. In the publication, we compare the two forms based on regulations of the Corporate […]
Changes in PIT, CIT, VAT and Tax Ordinance Act – to make everyone’s life better
On 6 May 2020 the Parliament (the Sejm) adopted a draft bill amending PIT, CIT, VAT Acts, and the Tax Ordinance Act. Among proposed changes are in particular: the possibility of making payments on bank accounts not indicated on the so-called White List and adapting the PIT and the CIT Acts to the Polish Classification […]
Promoting R&D – Poland| Slovakia | The Czech Republic | Hungary
For a few latest years, many developed and developing countries have been promoting R&D activities. The surge in R&D expenses is however not unexpected – most economists agree that this is the only way to avoid the middle-income trap. Leaders in this field in 2018 were: Israel, South Korea, Taipei, Sweden, and Japan: R&D in […]
Investing in CEE region – Poland / Slovakia / Czech Republic / Hungary
Poland, Slovakia, the Czech Republic, and Hungary are key CEE countries, attracting investments from all over the world. And although one would expect that it would be Poland – the biggest economy, country, and nation among CEE countries – who will excel, yet it seems that foreign investors prefer rather Slovakian, Czech or Hungarian economy. […]
Anti-crisis Shield 2.0 – complementary package
The so-called Anti-Crisis Shield 2.0 extending provisions of the earlier Anti-crisis shield (referred to on our blog) entered into force on 18 April 2020. Below we present the most important implemented changes: Refinancing under the so-called downtime The possibility of granting the stoppage benefit – to be granted, the entrepreneur has to show that the […]
“Anti-crisis shield” – Polish government finally published draft bills
Polish government published on 26 March the so-called “anti-crisis shield” – a package of draft bills. Today (27 March) the Parliament is to vote on the projects. The proposed changes are aimed at protecting the labor market and improving companies’ cash flow. The size of the company and the type of industry will decide on […]
How is Poland going to “treat” coronavirus among companies?
On 10 March 2020, the Minister of Development Jadwiga Emilewicz announced the introduction of a package of legislative changes aimed at protecting the Polish economy from the effects of the coronavirus epidemic. The changes, which are mainly targeted at (i) introducing public-law liabilities reliefs, (ii) improving companies’ cash flow and (iii) protecting and supporting the […]
Polish Ministry of Finance: another WHT postponement and “Estonian CIT”
During the event organized on 4 March by one of the chambers of commerce, the Deputy Minister of Finance raised that the Ministry of Finance (MF) plans to focus its work in the nearest future on: another suspension of the obligatory withholding tax remittance for transactions exceeding PLN 2 million (until the end of 2020), […]