Implementation of the CSR Directive – part II

Today we present you a secind part of our analysis. Importantly, according to Article 63u of the Accounting Act, which is consistent with Article 19a para. 9-10 of Directive 2013/34/EU (Directive amended by the CSRD Directive), a subsidiary of a parent undertaking with its registered office or place of management in the European Economic Area,

Implementation of the CSR Directive

On the horizon, further changes in financial reporting are visible. This time it concerns the implementation of non-financial reporting provisions regarding ESG. We present you the first part of our publication. Today we describe the draft Act amending the Accounting Act, the Act on Certified Auditors, Audit Firms and Public Oversight, and certain other acts

Legislation and Practice – April in taxes and business law

We present below a short summary of the most important changes in tax/business law and practice in April. Legislation Tax Practice Income taxes and transfer pricing VAT International Taxes Other

Acquisition of goods from an unregistered taxpayer and ICA

In the practice of trade in goods, we may encounter a slightly less typical situation: a Polish taxpayer buys goods transported from the territory of the EU (typical part), but the seller is not registered for VAT purposes in the EU (non-typical part). At the same time, customs clearance has already been carried out and

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Employee prescription eyeglasses and tax costs

At a time when a large part of the population works in front of a computer, vision defect has become a disease of affluence. And it is often in the employer’s interest that the employee has the right eyeglasses or corrective lenses adapted to the needs and requirements of his or her workplace. Thus, it

  • Published in CIT

Income Tax Report – new obligation

The Act amending the Accounting Act and certain other acts has been submitted to the President’s desk. It introduces an obligation to prepare and publish income tax reports. It is an implementation of the 2021/2101 Directive. Who is subject to the obligation This obligation is to apply, under certain conditions: In practice, two value thresholds

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Changes in National e-Invoicing System (Pol. KSeF)

The Ministry of Finance has published information on the commencement of consultations on the draft legal solutions on mandatory National e-Invoicing System (Pol. KSeF).At the moment, however, the new date of mandatory invoicing under the KSeF is not known.At the same time, as part of the notification, a number of changes were proposed, which are

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Legislation and Practice – March in taxes and business law

We present below a short summary of the most important changes in tax/business law and practice in March. Legislation Tax Practice Income taxes and transfer pricing VAT International Taxes Other

Charging stations – obligations for large entrepreneurs

From 1 January 2025, if a large entrepreneur has more than 20 parking spaces, then it is required to install at least one charging point and channels for electrical wires and cables to enable the installation of charging points for at least 1 in 5 parking spaces. This obligation has been imposed on entrepreneurs in

Chance for additional tax costs – NID

The annual tax return for 2023 is nearing completion. Therefore, this is the last good moment to settle less popular but important tax relief the so-called Notional Interest Deduction. Pursuant to Article 15cb sec. 1 of the Polish CIT Act: “In a company, a tax-deductible cost is also the amount corresponding to the product of

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