Support for Polish flood relief efforts: CIT, PIT, and VAT provisions In September 2024 severe floods struck Poland, which have caused significant losses for some businesses. This natural disaster prompted significant relief efforts from other entrepreneurs and individuals. In response, the government introduced temporary tax measures, aiming to support those rallying to support the victims…
Polish tax authorities’ approach to TP adjustments: hope for change? While conducting intragroup transactions, the application of transfer pricing adjustments is a common practice globally, especially among multinational groups. The guidelines published by OECD stress their main purpose, which is to appropriately remunerate individual entities based on their activities and the risks they incur, as…
Recent developments in Polish tax exemption for foreign investment funds Piotr Paśko and Tomasz Janik of MDDP say that while application of the tax exemption has historically been challenging, foreign investment vehicles stand to benefit as a more favourable environment appears to be emerging. The Polish Corporate Income Tax Act provides for an…
First draft of GloBE implementation act submitted in Poland Council Directive (EU) 2022/2523 of 15 December 2022 seeks to ensure a global minimum level of taxation for multinational enterprise groups and large-scale domestic groups in the Union. The Polish Ministry of Finance has published for consultation a draft of an act implementing into Polish…
Greater tax certainty for investors in Poland Poland has been an attractive place for foreign direct investment for years. It has become one of the main locations for outsourcing financial functions for corporations around the world. And its location between the East and the West, in a complicated geopolitical situation and supply chain disruptions, makes…
Tax aspects of redevelopment in the real-estate industry A lack of investment plots in prime locations means that developers are increasingly interested in purchasing developed properties such as old office buildings, commercial or industrial facilities either to demolish or modernise it. Such redevelopment has recently become a trend, especially among residential developers, as…
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 (paid by…
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,…
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…