CIT compliance services provided by professional tax advisors are one of the pillars of tax security in a company. Thanks to this, CFOs can focus on the company’s strategic issues and the accounting team on ensuring the correctness of accounting processes, instead of having to constantly update their tax knowledge or control the compliance of prepared tax returns with current tax regulations.
The areas of risk in CIT are many – from the correct calculation of CIT, deferred tax, minimum CIT on rental buildings, minimum CIT, debt financing costs to the correct fulfilment of withholding tax (WHT) obligations.
Why is CIT Compliance important?
Frequent changes in tax regulations, their complexity and the divergent approaches of the tax authorities and administrative courts increase uncertainty and generate the risk of errors, while ensuring compliance of tax settlements with current regulations is crucial for the proper functioning of a company.
CIT compliance services provide support in the correct fulfilment of tax and corporate income tax reporting obligations and reduce the risk of tax arrears or the imposition of penal and fiscal sanctions by the tax authorities during ongoing audits.
This is particularly important for foreign entities that, when entering the Polish market, may not have sufficient knowledge of Polish-local CIT settlement requirements.
How can we help?
As part of our CIT compliance services, our clients can benefit from support in the following areas:
- preparation of CIT returns, attachments to returns and fulfilment of other reporting obligations,
- verification of the correctness of the CIT calculation prepared by the taxpayer,
- preparation of monthly, quarterly or annual CIT calculations,
- the transition from the financial result to the tax result,
- calculation of deferred tax,
- calculation of minimum CIT on rental buildings,
- calculation of the minimum CIT,
- calculation of capped costs, e.g. debt financing costs,
- requests for the reimbursement of overpaid tax to the competent tax authorities,
- comprehensive tax reviews, identifying potential CIT irregularities,
- verification of the application of the tax avoidance clause,
- identifying areas of tax risk in CIT.
In the area of WHT compliance (withholding tax compliance), concerning taxpayers making payments to foreign recipients, our clients can benefit from support in the following areas:
- developing a process for generating data from the financial and accounting system to prepare WHT calculations,
- annual and monthly WHT calculations,
- annual declarations CIT-10Z and CIT-6R,
- PIT-8AR declarations for payments to foreign individuals,
- annual and periodic tax information IFT-2/2R and IFT-1/1R,
- WHT overpayment claims relating to both payments over PLN 2 million and payments under PLN 2 million,
- requests for an opinion on the application of WHT preferences,
- WH-OSC statements,
- verification and recommendations on the actual business activity and beneficial ownership status of payees,
- completion and verification of withholding tax due diligence documentation,
- preparation of a due diligence procedure at WHT,
- comprehensive tax reviews, identifying potential WHT irregularities,
- an analysis of the regulations related to anti-abuse clauses in the WHT (anti-avoidance clauses).
#MORE on our possible withholding tax support
Feel free to contact us
Łukasz Kupień
Partner | Tax adviser E: lukasz.kupien@mddp.pl T: +48 792 999 105
Anna Zielony
Senior Manager | Tax adviser E: anna.zielony@mddp.pl T: +48 721 715 856