Applying the parent–subsidiary exemption in Poland is becoming more difficult Monika Dziedzic and Łukasz Kumkowski consider the dividend taxation exemption for payments made by Polish companies and explain the fulfilment of the beneficial ownership requirement by foreign holding companies To apply a parent–subsidiary exemption, Polish tax authorities require that recipients of dividend payments…
Guide to Poland’s filing obligations for real estate companies and their shareholders Polish real estate companies and their shareholders are required to submit the following information by April 2 2024: Real estate companies are mandated to disclose information about entities that directly or indirectly hold shares or similar rights in that real estate company,…
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…
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…
Green HR strategies for the modern workplace in Poland: tax and legal insights In today’s fast-changing business world, companies must adapt to the new needs of employees as well as the environment. A key area that is important in the perception of a firm as an attractive, socially responsible employer aware of climate and environmental…
Tax challenges for renewable-energy sector investors in Poland The constant development of renewable energy in Poland is a fact. This is due to new trends in the energy sector, as well as the needs of the state. Regulations and administration practices regarding new and existing investments are changing. This requires investors to have a good…
Guide to the Polish minimum CIT rules to be applied from 2024 Polish minimum corporate income tax (CIT) regulations will come into effect from January 1 2024. This 10% minimum tax will be applicable to companies with Polish tax residency and domestic tax capital groups if, during the tax year: They incurred a loss from…
How to manage financial transactions – TP aspects in Poland In the current economic situation, the importance of intragroup financial transactions has been growing. Companies are increasingly borrowing from a related party instead of financing from an external financial institution. This approach is triggered by lower creditworthiness of lenders or less activity of the banks.…
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…
It is the third time an amendment to the VAT Act in Poland is referred to by the Ministry of Finance as ‘SLIM VAT’. There are many changes introduced by this act, but most of them are rather minor. What is important is the changed rules for the application of VAT sanctions. This amendment was…