TAX ALERTS

TAX ALERTS

Deadline for real estate companies to report is approaching
In 2024, exceptionally, by April 2, real estate companies and their shareholders are obliged to file information in the case of information submitted by: real estate companies – about the entities that, directly or indirectly, hold shares, together with the number of such shares...
Individuals are also required to submit the TPR Form - deadline 31 January!
Transfer pricing documentation and reporting obligations may also arise for individuals. If such obligations have occurred for 2022, the TPR form must be submitted by 31 January 2024. In our experience, individuals often forget about this obligation, and failure to comply can result...
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 incomes generated by entrepreneurs or partners in selected partnerships Taxpayers...
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 that the stability and...
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 CBAM report must include, inter alia: the total...
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 cases, accelerated depreciation...
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 threshold in a given year to a given entity, the...
Year end - a good time to switch to Estonian CIT
The turn of the year is the optimal time to decide whether or not to take advantage of the increasingly popular tax relief, commonly referred to as the ‘Estonian CIT‘. Why is Estonian CIT becoming increasingly popular? Estonian CIT is a relatively new form of taxation,...
Settlement of 2023 tax on shifted profits is just around the corner
CIT payers with calendar year as their tax year  may be obliged to settle the tax on shifted profits in their CIT return for 2023 by 1 April 2024. The tax on shifted profits  applies to certain payments of passive nature made to certain related parties seated abroad. The tax rate...
January 2, 2024 expires the deadline for the publication of the tax strategy report for the 2022 tax year
Who is obliged? The obligation to publish a tax strategy report applies to tax groups and taxpayers with revenues exceeding EUR 50 M in 2022. In addition to the publication itself, taxpayers must inform the head of the relevant  tax office of the publication and the address of the...
Polish local minimum income tax will apply from 1 January 2024.
From 1 January 2024, the minimum corporate income tax provisions will take effect again. The 10% minimum tax will apply to companies with Polish tax residency and domestic tax capital groups that in the tax year: suffered a loss from a source of income other than capital gains or achieved...
Withholding tax – Ministry of Finance consults the draft of official guidelines
On 28 September 2023, the draft of the official clarifications on withholding tax [Draft] was published. The Draft refers to the beneficial owner criteria, which includes, inter alia, the condition of a genuine economic activity to  be conducted by the recipient of the payment. Public...
Changes in cross-border and domestic reorganizations
On September 15th, 2023 an amendment to the Polish Commercial Companies Code came into force, introducing new types of domestic and cross-border reorganizations. Following the amendment, changes to income tax acts and Tax Ordinance were also implemented. Changes related to cross-border...
Higher amount of exemption for financing meals for employees
On September 1, 2023 the Regulation of the Minister of Family and Social Policy came into force, amending the Regulation on detailed rules for determining the basis for pension and disability contributions.   According to it, the basis for the calculation of retirement and disability...
Deposit Refund System: A Revolution for Now
Deposit Refund System – a revolution for now The introduction of a deposit refund system in Poland is a huge financial and logistical challenge that awaits entrepreneurs in the coming years. What will change? The deposit refund system is a way to collect used beverage packaging...
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Deadline for real estate companies to report is approaching
In 2024, exceptionally, by April 2, real estate companies and their shareholders are obliged to file information in the case of information submitted by: real estate companies – about the entities that, directly or indirectly, hold shares, together with the number of such shares...
Individuals are also required to submit the TPR Form - deadline 31 January!
Transfer pricing documentation and reporting obligations may also arise for individuals. If such obligations have occurred for 2022, the TPR form must be submitted by 31 January 2024. In our experience, individuals often forget about this obligation, and failure to comply can result...
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 incomes generated by entrepreneurs or partners in selected partnerships Taxpayers...
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 that the stability and...
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 CBAM report must include, inter alia: the total...
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 cases, accelerated depreciation...
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 threshold in a given year to a given entity, the...
Year end - a good time to switch to Estonian CIT
The turn of the year is the optimal time to decide whether or not to take advantage of the increasingly popular tax relief, commonly referred to as the ‘Estonian CIT‘. Why is Estonian CIT becoming increasingly popular? Estonian CIT is a relatively new form of taxation,...
Settlement of 2023 tax on shifted profits is just around the corner
CIT payers with calendar year as their tax year  may be obliged to settle the tax on shifted profits in their CIT return for 2023 by 1 April 2024. The tax on shifted profits  applies to certain payments of passive nature made to certain related parties seated abroad. The tax rate...
January 2, 2024 expires the deadline for the publication of the tax strategy report for the 2022 tax year
Who is obliged? The obligation to publish a tax strategy report applies to tax groups and taxpayers with revenues exceeding EUR 50 M in 2022. In addition to the publication itself, taxpayers must inform the head of the relevant  tax office of the publication and the address of the...
Polish local minimum income tax will apply from 1 January 2024.
From 1 January 2024, the minimum corporate income tax provisions will take effect again. The 10% minimum tax will apply to companies with Polish tax residency and domestic tax capital groups that in the tax year: suffered a loss from a source of income other than capital gains or achieved...
Withholding tax – Ministry of Finance consults the draft of official guidelines
On 28 September 2023, the draft of the official clarifications on withholding tax [Draft] was published. The Draft refers to the beneficial owner criteria, which includes, inter alia, the condition of a genuine economic activity to  be conducted by the recipient of the payment. Public...
Changes in cross-border and domestic reorganizations
On September 15th, 2023 an amendment to the Polish Commercial Companies Code came into force, introducing new types of domestic and cross-border reorganizations. Following the amendment, changes to income tax acts and Tax Ordinance were also implemented. Changes related to cross-border...
Higher amount of exemption for financing meals for employees
On September 1, 2023 the Regulation of the Minister of Family and Social Policy came into force, amending the Regulation on detailed rules for determining the basis for pension and disability contributions.   According to it, the basis for the calculation of retirement and disability...
Deposit Refund System: A Revolution for Now
Deposit Refund System – a revolution for now The introduction of a deposit refund system in Poland is a huge financial and logistical challenge that awaits entrepreneurs in the coming years. What will change? The deposit refund system is a way to collect used beverage packaging...
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