Legislation and practice – September in taxes

We present below a short summary of the most important changes in tax law and tax practice in September: Legislation the Sejm adopted the bill of amendment to the CIT Act and other tax acts. The project assumes, among others postponement and amendment of the “minimum” tax regulations, elimination of “hidden dividends” or changes in

Non-financial reporting – upcoming challenges

Recent years have brought the development of obligations in the field of non-financial reporting by entrepreneurs. Currently, the issues of broadly understood non-financial reporting in Poland concern mainly the following areas: ESG reporting – taxonomy in the EU; ESG reporting – NFRD and CSRD; ESG reporting – SFDR; tax strategy; the activities of “whistleblowers” in

Counteracting excessive delays in commercial transactions – proposed changes

Yesterday, the Government adopted a draft act amending the act on counteracting excessive delays in commercial transactions and the act on public finances. Now the Sejm will deal with the project. The proposed amendment provides solutions in two main areas: clarifying the provisions and increasing the efficiency of proceedings conducted by the Head of the

Hosting services and the withholding tax

Administrative courts are adamant to the tax authorities in terms of the classification of hosting services – on August 25, 2022, the District Administrative Court in Krakow issued a judgment with reference number I SA/Kr 101/22, in which it agreed with the taxpayer, stating unequivocally that fees for hosting services are not subject to the

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Limitation of CIT advances during the tax year

Corporate income tax payers are required to pay monthly advance payments for tax (Article 25 (1) of the CIT Act). Basically, one can pay them as so-called “actual” advances (we calculate the tax on the income earned since the beginning of the tax year minus any advances paid so far or the so-called “simplified” advances

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Legislation and practice – August in taxes

We present below a short summary of the most important changes in tax law and tax practice in August: the Council of Ministers adopted and submitted to the Sejm a draft amendment to the CIT Act and other tax acts. The project assumes, among others postponement and amendment of the “minimum” tax regulations, elimination of

End of documenting indirect “tax heaven” transactions?

There are significant chances to eliminate the provisions on the documentation obligation in the field of “indirect tax heaven” transactions. Let us remind you that it is about the obligation to prepare transfer pricing documentation in transactions with unrelated entities, if their beneficial owner is a “tax heaven” entity. This regulation has been repeatedly criticized

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Tax strategy in practice

2022 will be the second year in which some taxpayers will be required to publish information about the tax strategy implemented in this period. Who does this obligation apply to? CIT taxpayers whose revenue in the preceding year exceeded the PLN equivalent of EUR 50 million and tax capital groups. In practice, some taxpayers already

Legislation and practice – July in taxes

We present below a short summary of the most important changes in tax law and tax practice in July: the Decree amending the decree on goods and services for which the tax rate on goods and services is lowered, and the conditions for the application of reduced rates was published in the “Journal of Laws”

Extending the validity of WHT statements

The Ministry of Finance has published a draft regulation which is to extend the validity of statements (WH-OSC) for the purposes of withholding tax collection. As a reminder, if payments for dividends, interest and royalties to related entities exceed the threshold of PLN 2 million in the tax year, tax must be charged at the

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