Guide to the initial phase of the CBAM

With the first reports under the carbon border adjustment mechanism due at the end of January 2024, Agnieszka Kisielewska of MDDP explains the criteria for its application and the reporting obligations for affected importers. The carbon border adjustment mechanism (CBAM) starts with its transitional phase from October 1 2023 to December 31 2025. The new…

Tax challenges for international businesses in Poland in 2024

Monika Dziedzic provides insights into the most important tax developments from 2023 that international businesses need to keep in mind for the coming year: Withholding tax revolution; Tax on shifted profits; Minimum local corporate profits tax; Mandatory electronic invoices; GloBE – pillar two; Single-use product fees/plastic tax; Cross-border reorganisations; Polish family foundation. *** #MORE in…

PIT while doing business in Poland

Ukrainian citizens can set up a sole proprietorship in Poland [one-man business activity] as well as remotely provide services in Poland as part of business activities established in Ukraine. Polish provisions are quite strict when it comes to performing the business activity by non-EU citizens. The issue of personal income tax, social and health insurance…

Poland watching closely as European Commission initiatives on withholding tax aim at simplification

On June 19 2023, the European Commission issued a statement signalling legislative work on simplifying and synchronising members states’ laws on pay and refund withholding tax (WHT) procedures. The commission pointed out numerous bureaucratic obstacles and inconsistencies that enterprises encounter and result in significant losses. The Polish WHT system fits well into the commission’s observations.…