The deadline for ORD-U (information on contracts concluded with non-residents) is moved to end of 11th month following the end of tax year

The Finance Minister’s Decree of March 6, 2023 (Journal of Laws 2023, item 422) amended the the Finance Minister’s Decree of December 24, 2002- on tax information. According to the new wording, the deadline for filing ORD-U has been extended to the end of the 11th month, counting from the end of that fiscal year.…

Change of the form of business activity taxation

Natural persons earning income from business activity – as sole proprietors, as well as partners in some partnerships – should consider the effectiveness of the current form of taxation in the context of its change for 2023. Exceptionally, for some entrepreneurs, it will also be possible to change the form of taxation for 2022. 1.…

Key changes to the CIT for 2023

Hidden dividend as basis for new tax Repeal of the so-called hidden dividend provisions. These provisions were due to come into effect from 1 January 2023. Minimum income  tax Suspension of the entering the minimum income tax until the end of 2023. Changes to the construction of the minimum tax: increase of the profitability ratio…

Tax explanations on VAT groups

The Ministry of Finance published the ‘Tax explanations on VAT groups of October 11, 2022’, which includes changes and demands reported during public consultations. It is worth getting acquainted with this document, as it contains regulations on the establishment, operation and tax settlements of a VAT group, i.e. several related entities registered as a new…

Polish Deal [Polski Ład] 2.0 – changes in PIT, ZUS social security insurance and NFZ National Healhcare Funds as of 1st July 2022

Amended provisions of the so-called “Polish Deal” have been published in the Journal of Laws. Some of the changes enter into force already on 1st July 2022, whereas others will become effective on 1st January 2023. Below please find a summary of the key changes introduced by the “Polish Deal 2.0” from the perspective of…