Landmark judgement of the CJEU reshapes Polish tax exemption for investment funds The Court of Justice of the European Union (CJEU) issued a judgement (Case C-18/23) on February 27, 2025, declaring that Polish requirements limiting CIT exemption to externally managed funds are in breach of the EU law. What provisions have been controversial? In Poland,…
Revolutionary judgment by the CJEU on provisions on joint and several liability of management board members The Court of Justice of the European Union (CJEU) today issued a landmark judgment (Case C-277/24 Adjak) challenging the model adopted in Poland of joint and several liability of management board members for the company’s tax arrears. Which provisions…
The obligation to integrate payment terminals with cash registers is repealed and other VAT changes from April 1, 2025 We present the most important changes in VAT and cash registers regulations introduced by the Act of January 24, 2025, amending the Act on Value Added Tax, the Act on Excise Duty, and certain other acts.…
Last days to change the tax form and choose the cash-based PIT in 2025 – the deadline is February 20 Until February 20 (Thursday), it is possible to submit a declaration regarding the choice of the income tax form. Individuals conducting a sole proprietorship and partners in selected partnerships have the option to change…
From 1 April 2025, e-Delivery will be mandatory for all entrepreneurs entered in the Polish register of entrepreneurs (KRS) From 1 April 2025, all entities registered in the Polish register of entrepreneurs (KRS) will be required to use e-Delivery in correspondence with public authorities. Each company must set up and activate an e-Delivery mailbox, appoint…
Deferred Tax Year – transfer pricing deadlines alert Transfer pricing deadlines are calculated from the end of the tax year. For instance, if your tax year ends March 31, 2024, the TPR form must be submitted by February 2025 (within eleven months). Key transfer pricing deadlines All deadlines below are counted from the tax year…
Don’t financial transactions disrupt VAT deduction in your company? The correctness of calculating the so-called VAT coefficient is a headache for many accountants. Especially entities that do not perform financial transactions on a daily basis may not even realize that transactions such as intra-group loans, guarantees, insurance or cash pooling, even if “only” re-invoiced, may…
Tax changes 2025 The beginning of 2025 ushered in substantial revisions to the Polish tax system. Numerous regulations have taken effect, significantly impacting tax settlements. The key changes are outlined below. JPK_CIT Effective January 1, 2025, the CIT Act mandates the digitalization of accounting documentation. Taxpayers are now required to maintain accounting books exclusively…
Implementation of the CSRD Directive in Poland – find out how to prepare and who is affected by mandatory ESG reporting On December 13, 2024, the President signed amendments to the Act on Accounting, Statutory Auditors, Audit Firms, and Public Oversight, as well as certain other acts. This means that the Corporate Sustainability Reporting Directive…
New tax relief for entrepreneurs employing Territorial Defence and Active Reserve soldiers From 1 January 2025, under the Act of 1 October 2024 amending certain laws to support entrepreneurs employing Territorial Defence or Active Reserve soldiers, tax reliefs supporting entrepreneurs employing Territorial Defence (OT) or Active Reserve (AR) soldiers come into force. What changes does…