Change of Form of Taxation for Business Activity – Important Deadlines

Individuals conducting a sole proprietorship and partners in selected partnerships have the option to change the form of income taxation for 2024 by submitting the appropriate declaration. Forms of taxation for incomes generated by entrepreneurs or partners in selected partnerships Taxpayers who are entrepreneurs conducting a sole proprietorship or partners in selected partnerships may choose…

Mandatory KSeF postponed!

On January 19, 2024, the Ministry of Finance announced that the implementation of The National System of e-Invoices (Krajowy System e-Faktur, KSeF) will be postponed due to the detection of critical errors in the system code. The Minister of Finance emphasized that the stability and security of economic activities in Poland constitute a priority and…

The first CBAM reporting is due by 31 January!

Importers have to submit their first CBAM (Carbon Border Adjustment Mechanism) report until 31 January 2024. Each importer of CBAM goods* into the EU should submit a quarterly report containing information on the imported goods. The CBAM report must include, inter alia: the total quantity of each type of good determined for each installation producing…

News on tax depreciation from 2024

From 2024, new possibilities can be applied in the field of depreciation of fixed assets for tax purposes (PIT and CIT). Accelerated depreciation for new buildings The first preference applies to non-residential buildings and structures. In certain cases, accelerated depreciation of such fixed assets is possible. The basic depreciation rates are generally 2.5% and 4.5%,…

Year end – a good time to switch to Estonian CIT

The turn of the year is the optimal time to decide whether or not to take advantage of the increasingly popular tax relief, commonly referred to as the ‘Estonian CIT‘. Why is Estonian CIT becoming increasingly popular? Estonian CIT is a relatively new form of taxation, designed for a very wide range of taxpayers; companies…