Poland: Last call for taxpayers in Poland to review ATAD 2

Poland has implemented European Council Anti-Tax Avoidance Directive (ATAD 2) by introducing anti-hybrid provisions into its domestic law. The provisions apply starting from January 2021 and the taxpayers should take them into account in their 2021 CIT settlements and onwards. The deadline for the 2021 CIT return and CIT payment elapses on June 30 2022,…

New preferences for those helping Ukrainians

Until 30 June 2022, donations to refugees and fighters in Ukraine – made through specific organizations – will be subject to 0% VAT. Pursuant to the amended law, the zero rate applies to donations and free benefits to organizations specified in the regulation: the Governmental Agency for Strategic Reserves (RARS), medical entities and local government units.…

Polish tax system is not particularly supportive for war victims

“Not all aid for Ukraine is associated with tax incentives. To the contrary, some actions trigger serious doubts. Although taxes are one of the last factors motivating the aid, they cannot be ignored. Especially if the aid is provided by an entrepreneur who must account for all business events in tax returns.” – says Magdalena…