Applying the parent–subsidiary exemption in Poland is becoming more difficult   Monika Dziedzic and Łukasz Kumkowski consider the dividend taxation exemption for payments made by Polish companies and explain the fulfilment of the beneficial ownership requirement by foreign holding...

Polish real estate companies and their shareholders are required to submit the following information by April 2 2024: Real estate companies are mandated to disclose information about entities that directly or indirectly hold shares or similar rights in that real estate company, and...

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 adjustment mechanism (CBAM) starts with...

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...

Green HR strategies for the modern workplace in Poland: tax and legal insights In today’s fast-changing business world, companies must adapt to the new needs of employees as well as the environment. A key area that is important in the perception of a firm as an attractive, socially...

Tax challenges for renewable-energy sector investors in Poland The constant development of renewable energy in Poland is a fact. This is due to new trends in the energy sector, as well as the needs of the state. Regulations and administration practices regarding new and existing investments...

Guide to the Polish minimum CIT rules to be applied from 2024 Polish minimum corporate income tax (CIT) regulations will come into effect from January 1 2024. This 10% minimum tax will be applicable to companies with Polish tax residency and domestic tax capital groups if, during...

How to manage financial transactions – TP aspects in Poland In the current economic situation, the importance of intragroup financial transactions has been growing. Companies are increasingly borrowing from a related party instead of financing from an external financial institution....

PIT while doing business in Poland Ukrainian citizens can set up a sole proprietorship in Poland [one-man business activity] as well as remotely provide services in Poland as part of business activities established in Ukraine. Polish provisions are quite strict when it comes to performing...

It is the third time an amendment to the VAT Act in Poland is referred to by the Ministry of Finance as ‘SLIM VAT’. There are many changes introduced by this act, but most of them are rather minor. What is important is the changed rules for the application of VAT sanctions. This amendment...

On June 19 2023, the European Commission issued a statement signalling legislative work on simplifying and synchronising members states’ laws on pay and refund withholding tax (WHT) procedures. The commission pointed out numerous bureaucratic obstacles and inconsistencies that enterprises...

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...

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...

Is conversion of shopping centres a remedy for the housing shortage? The slowdown in housing investments observed recently, and the influx of refugees caused by the ongoing war in Ukraine have increased an already large hole in the Polish housing market. Among many solutions, the...

Mandatory e-invoicing in Poland postponed till July 2024 A European Council derogation decision allowed Poland to introduce a mandatory e-invoicing system starting from January 1 2024 and draft regulation stated this date. However, according to the latest announcements from the Ministry...