The deadline for submitting the CbC-P notification for 2024 to the Head of the National Revenue Administration (KAS) is fast approaching—31 March 2025 (for entities whose financial year aligns with the calendar year). This obligation applies to entities that are part of corporate...

According to the wording of Article 15(6) of the CIT Act, in force since 2022, real estate companies may recognise depreciation write-offs on buildings and premises (group 1 of the Classification of Fixed Assets) as tax deductible costs, but only up to the amount of balance sheet...

The introduction of the domestic minimum top-up tax into Polish legal system is associated with the entry into force of the Act of 6 November 2024 (GloBE Act) on the top-up taxation for constituent entities of multinational and domestic groups. The GloBE Act introduces a regime for...

MDDP advised European Student Housing Fund II on its latest transaction on the PBSA market MDDP advised European Student Housing Fund II, an owner and operator of student housing across Europe, on the sale of a PBSA project on Ciołka Street in Warsaw. This latest transaction shows...

EFS Conference on legal protection in indirect tax and customs On February 13, 2025, the conference “Legal protection and certainty in a rapidly changing legislative indirect tax and customs environment”, organized by Erasmus University Rotterdam, will take place. This is a unique...

At the beginning of 2025, changes to the regulations regarding the place of taxation of services provided virtually or transmitted, as well as services related to this type of activity, entered into force.  The amendment is an attempt to keep up with the dynamically changing socio-economic...

The Act of 6 November 2024 on the top-up taxation of constituent entities of multinational and domestic groups (GloBE Act) introduces a global minimum tax system (at least 15%) at the jurisdiction level. Under the GloBE Act, entities belonging to multinational and domestic groups...

In 2025, WHT taxpayers will face some changes – among them, we will find new versions of the IFT-2R and CIT-10Z forms, concerning the foreign income of taxpayers earned from January 1, 2024. Comparing the new structure of the forms with the previous version will certainly make it...

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...

According to the presidential memorandum (dated January 20, 2025) directed to the Secretary of the Treasury and the U.S. Permanent Representative to the OECD, the United States is withdrawing from the Global Tax Deal. Therefore, the GloBE system will not apply in the United States....

MDDP provided comprehensive advice to Student Depot on another transaction on the PBSA market Experts from MDDP Michalik Dłuska Dziedzic advised Student Depot on a transaction involving the acquisition of a land property located on Ciołka Street in Warsaw’s Wola district. A new private...

Key Ruling by the Supreme Administrative Court on refund of Excise Tax The Supreme Administrative Court (NSA) issued a judgment on November 25, 2020 (ref. III SA/Gl 493/20) regarding the possibility of refunding overpayment of excise tax by an electricity producer who has passed the...

Until recently, the courts held that when using the exemption under Article 30(1) of the Excise Tax Law, in the case of having a decision to redeem certificates of origin issued after the change in rates (i.e., after January 1, 2019), the lower excise rate of PLN 5/MWh should be applied...

The Act of 6 November 2024 on Top-up Taxation of Constituent Entities of Multinational and Domestic Groups [GloBE Act] introduces a tax regime of minimum taxation of at least 15% of all group entities in one jurisdiction. Under the GloBE Act, constituent entities of domestic and multinational...

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...