The implementation date of SAF_CIT reporting is inexorably approaching. One of the important elements is the specificity of solutions for entities preparing financial statements based on International Financial Reporting Standards/International Accounting Standards. According to Article 66 sec. 2 of the Polish Act of 29 October 2021 amending the Personal Income Tax Act, the Corporate Income

We would like to remind you of the upcoming deadlines for the preparation of TP (transfer pricing) documentation for the tax year 2023. TP documentation Obliged entities prepare local TP documentation for a controlled transaction of a homogeneous nature with a value above: The local TP documentation (together with benchmarking analyses) should be prepared by

The Minister of Finance has signed the Decree on SAF_CIT. We are waiting for its publication in the “Journal of Laws”. (Decree on additional data to be added to the books of account to be transferred pursuant to the Corporate Income Tax Act) The decree is intended to implement the provisions of the Tax Ordinance,

Sometimes there is a need to cooperate with journalists as part of business activity. This is particularly the case when we want to promote a new product in the media by coordinating and editing the notes of cooperating journalists. For this purpose, a number of expenses called PR (Public Relations) costs are incurred. These 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

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

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

It should be reminded that with the upcoming annual settlement, the so-called tax on shifted profits must be settled. What are “shifted profits”? It should be recalled that shifted profits are, in principle, defined costs incurred directly or indirectly for the benefit of a foreign related entity due to: – if the conditions set out

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