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...

When planning to submit transfer pricing information (hereinafter: TPR) for the tax year beginning after December 31, 2021, it is important to remember that compared to the previous tax year, there has been a change in the existing form and scope of data reported in this declaration. The...

Guide to the initial phase of the CBAM With the first reports under the carbon border adjustment mechanism due at the end of January 2024, Agnieszka Kisielewska of MDDP explains the criteria for its application and the reporting obligations for affected importers. The carbon border...

On January 18, 2024, the Advocate General of the Court of Justice of the European Union issued an opinion on the customs classification of prefabricated buildings. The case focuses on whether these buildings, which are mainly made of plastics, should be classified as “prefabricated...

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...

The dynamically changing economic situation, continuous development of competition in most industries and the increase in costs constitute a quite challenge for companies. In order to maintain or improve their market position or minimize operating costs, capital groups decide, for...

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...

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...

For most taxpayers, transfer pricing is associated with numerous and complex formal requirements that must be met within a specified deadline, under the threat of escalating and increasingly severe sanctions. But what if we approached the issue of market conformity of transactions...

At the end of last year, the outcome of the Amazon group’s tax dispute was widely reported in the media. The judgment relates to transfer pricing issues and the possibility of invoking the OECD guidelines. Tax benefits EU Competition Commissioner Margrethe Vestager pointed out...

Deadline for WH-OSC follow-up statement ever closer Tax remitters  with tax year same as  calendar year are required to file a WH-OSC so-called follow-up statement by 31 January 2024. Who is affected by this requirement? If payments subject to withholding tax exceed the PLN 2 million...

This year, when selling food or beverages in single-use packaging to consumers, a SUP fee they must be charged (PLN 0.20 or 0.25). The new obligation has come as a surprise to many businesses, as there is no guidance from the Ministry of Climate or the Ministry of Finance. For instance,...

As of 1 January 2024, MDDP Michalik Dłuska Dziedzic i Partnerzy has been joined by as many as nine partners. On the VAT Team, Joanna Ryś-Bednarczyk and Paweł Goś have become partners; on the Real Estate Team, Katarzyna Kozakowska and Rafał Kran; on the Transfer Pricing Team, Marta...

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...

Tax challenges for international businesses in Poland in 2024 Monika Dziedzic provides insights into the most important tax developments from 2023 that international businesses need to keep in mind for the coming year: Withholding tax revolution; Tax on shifted profits; Minimum local...