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...

A number of significant and, in some cases, even revolutionary changes introduced in the tax legislation from 2025 require taxpayers to prepare carefully for their proper implementation. Particular attention is required to review the fixed asset records for real estate tax declarations...

New Polish real estate tax regulations take effect from 2025 Together with the beginning of 2025 new real estate tax (RET) regulations enter into force in Poland. The amendment was controversial, although the final changes do not constitute a revolution in the principles of taxation...

The new Notice of the Minister of Finance on the announcement of the type of base interest rate and margin for transfer pricing (safe harbor for financial transactions) has been published! Conditions for safe harbor in financial transactions The Finance Minister has updated the conditions...

Does a taxpayer retain the right to deduct when input VAT results from services provided by one of the group companies to both the taxpayer seeking to deduct and the other group members? This issue has been resolved by the CJEU in its judgment of December 12th, 2024, ref. C-527/23. Facts The...

Each of us has discovered something different in the box labelled “2024”. A truly unique mix of successes and setbacks, joys and sorrows, hard work and moments of relaxation. As Christmas and the year-end are approaching, we have the chance to pause for a moment and realise...

Many companies aim to strengthen their relationship with with their employees by offering various employee benefits or facilities. One of the increasingly popular option is the opportunity to purchase used equipment at attractive prices, such as computers, laptops or smartphones. While...

The festive period is a time when many employers decide to give Christmas gifts to their employees. However, it is worth bearing in mind that these gifts may have certain tax implications. When is a gift to an employee taxable and when not? What limits are worth bearing in mind and...

Investing in the renewable energy sector requires careful evaluation of the financing options available. A critical element of this process is assessing the tax implications of each potential financing method. Let’s explore the tax implications associated with the most common...

The due date for Polish minimum CIT is fast approaching Polish minimum corporate income tax (CIT) is a complex issue, which applies to numerous entities with Polish tax residency and domestic tax capital groups. Firms subject to this tax are those which during the given tax year incurred...

Sustainability report assurance – general principles The Corporate Sustainability Reporting Directive (CSRD) sets out the requirements concerning sustainability reports and their assurance. According to the directive, it will be a responsibility of the certified auditors. In order...

Compliance with international commodity sanctions, especially in the context of trade with restricted countries such as Russia, is a challenge that requires businesses to pay exceptional attention and implement advanced due diligence procedures. Neglecting this duty can lead not only...

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...