A new regulation in Poland explained: family foundations and their taxation The purpose of a family foundation, which is a new structure for Poland, is to accumulate wealth and manage it in the interest of the beneficiaries. As a rule, a foundation is exempt from corporate income...

The European Parliament and the EU Council have approved the draft regulation on the CBAM (Carbon Border Adjustment Mechanism), the issue that have popped out on our blog several times. Pursuant to this draft, the first obligations related to CBAM will apply from 1 October 2023. CBAM...

It is a truth commonly acknowledged that related-party settlements have been scrutinized by tax authorities for several years. In 2022, more than 500 transfer pricing controls were taking place: 370 were completed and 242 were pending. In 2022 alone, the amount of additionally estimated...

Justyna Bauta-Szostak and Bartosz Głowacki of MDDP report on the introduction of family foundations in Poland, and how they will be taxed. On January 26 2023, the lower house of the Polish parliament, the Sejm, passed the Family Foundation Act, which will enter into force in May 2023....

Pursuant to today’s judgment of the CJEU in case C-677/21 Fluvius Antwerpen, unlawful consumption of electricity constitutes a supply of goods for consideration subject to VAT, and a distribution network operator (DSO) charging a fee of compensation on this account acts as a...

MDDP advised Adventum Group on the acquisition of the Wola Retro office complex The fund, which belongs to Adventum Group, has just signed an agreement transferring ownership of the buildings from its current owner, Develia Group. The value of the transaction was €69.3 million. Scope...

Cost optimization-oriented payment management as a controlled transaction Payment management to optimize costs of the payment settlement process using the PoB (payments on behalf) model is a controlled transaction – as stated by the District Administrative Court in Warsaw in...

MDDP in the 17th Ranking of Tax Advisory Firms We are pleased to announce that in the latest Ranking of Tax Advisory Firms of Rzeczpospolita, MDDP advisors became leaders in 5 out of 9 individual categories, including 3 categories in which we debuted in the ranking, and immediately...

Over the last few years, activities related to the charging of electric vehicles have given raise to many interpretative doubts whether they should be classified as a supply of goods or a supply of services on the grounds of VAT. These doubts were finally resolved before the Court...

The introduction of the mandatory KSeF (National e-Invoicing System) will undoubtedly affect all issues related to invoicing, circulation of invoices within organizations or exchange of invoices with contractors. This will also concern self-billing, as invoices issued this way are...

New rules for appealing against the decisions of tax authorities in force from July 1, 2023 From July 1, 2023, significant changes will come into force regarding the rules for lodging appeals against the decisions of the first instance issued by the Heads of Tax and Customs Offices....

Remitter’s payment of outstanding social and health insurance contributions in the part in which they should be financed by the employee or contractor does not give rise to income for them within the meaning of Article 11(1) of the PIT Act – the Ministry of Finance has published...

On the occasion of the upcoming Easter holiday, we wish our clients, business partners, employees and friends to appreciate what we have and enjoy it not just during the holiday season; to take a moment to reflect on things that are truly important and reject those that are insignificant; despite...

Taxing shifted profits – how to tackle the new challenge in Poland The new tax on shifted profits has been implemented via the Polish CIT Act from January 1 2022. Since this tax is settled on annual basis, the upcoming deadline for the annual CIT return would be also the first date...

Comparative analysis, also referred to as benchmarking analysis, is basically a key element of a transfer pricing documentation. Its purpose is to demonstrate that a given controlled transaction was made in accordance with the arm’s length principle. A correctly prepared analysis...