Birthdays, name days, birth of a child, round anniversaries of work experience, company anniversary, wedding, professional success. The list could go on and on – there are plenty of opportunities to give a gift to a subordinate appreciating it and showing a gesture of remembrance at the same time! However, how to treat such a

Taxpayers often sell shares with a deferred payment date or payment in instalments. They are then faced with a dilemma – how to classify income (revenue) from the price itself and the interest associated with it? An important issue with regard to the proper classification of such receivables is to determine whether the interest in

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

The upcoming weeks will bring many important deadlines related to the area of tax and business law. It is worth analyzing these responsibilities. Entry into force of the eleventh EU sanctions package against Russia and Belarus – the need to have import documentation On 30th September, the so-called eleventh package of EU sanctions against Russia

On 17 August this year, the European Commission published the Implementing Regulation laying down the rules for the application of Regulation (EU) 2023/956 of the European Parliament and of the Council (hereinafter referred to as: “CBAM Regulation”) with regard to reporting obligations for the purposes of the mechanism of adjusting prices at borders taking into

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

Polish Simple Joint Stock Company (hereinafter: “PSA”) is a relatively new form of doing business in Poland. It has been in existence for just over two years, so it is hard to say at this point that it has conquered the market. Nevertheless, it has a number of advantages, which may make it the vehicle

The world has recently been abuzz about the fierce competition from major technology corporations in the area of artificial intelligence (AI). And while every now and again one hears about the implementation and application of ever newer technological solutions in business, this rapidly changing economy is being followed by global legislation, including that of the

We present below a short summary of the most important changes in tax/business law and practice in July. Legislation An amendment to the VAT Act – the introduction of a mandatory e-invoicing (KSeF) – was passed to the President. The Sejm rejected the ‘veto’ of the Senate. The Sejm passed act amending the Personal Income

Taxpayers who show a tax overpayment, if they do not have any arrears or current tax liabilities, have the possibility to request that it be refunded or credited to “future taxes”. This is indicated by Article 76 § 1 of the Tax Ordinance, according to which: “Overpayments, together with their interest, shall be credited ex