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Triangular transaction – the Polish taxpayer as a third entity

In business transactions, there is a common practice of trade (“invoicing”) between several entities, where goods are transported directly from the first to the last. The provisions of the Polish VAT Act provide for simplification for triangular transactions – under a special procedure (Article 135). Bearing in mind the above-mentioned regulations, it should be pointed

  • Published in VAT

The deadline for reporting on payment terms in commercial transactions is approaching

Pursuant to Article 13a of the Polish Act on Counteracting Excessive Delays in Commercial Transactions, certain taxpayers are obliged to submit a report on the payment deadlines used by these entities in the previous calendar year in commercial transactions by 30 April this year. The report should include: The following entities are considered to be

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 Practice in taxes Income taxes and transfer pricing VAT International Taxes Other

When is software an intangible asset?

Software is an important part of many companies’ operations. However, its correct classification in terms of accounting and tax may raise doubts. When should software be considered an intangible asset, and when is it only an element of a fixed asset? The answer to this question depends on its nature and how it is used.

  • Published in CIT

Regulation on Authorised Declarant of CBAM

The Commission Implementing Regulation was published with regard to the conditions and procedures for the status of an authorised CBAM declarant. These provisions are important because from 2026 only authorized CBAM declarants will be able to import goods covered by the mechanism. As for the important provisions of the Regulation, it is worth noting that,

Changes in sanctions on Russia and Belarus – new obligations for entrepreneurs

From 26 February 2025, an amendment to the Act 0 on special solutions for counteracting support for aggression against Ukraine and protection of national security, as well as regulations on the National Tax Administration and counteracting money laundering and terrorist financing (the so-called sanctions act), signed by the President of the Republic of Poland Andrzej

Legislation and Practice – February in taxes and business law

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

Simplification: Omnibus – proposal to simplify regulations for sustainable development and investment

Yesterday, on 26th February, the European Commission proposed a series of changes aimed at simplifying regulations, increasing competitiveness and unlocking additional investment opportunities. These changes relate, primarily, to changes in the area of sustainability reporting (CSRD and EU taxonomy). Among the proposed changes are presented: In addition, due diligence changes are also proposed such as:

Changes to the Tax Ordinance – MDR and the statute of limitations

Last week, the Minister of Finance, Andrzej Domański, announced a plan to reduce administrative barriers for entrepreneurs. One of its elements is the reduction of obligations in the field of reporting tax schemes (MDR) – by, as announced, “70%”. In addition, important changes have been announced in the scope of the statute of limitations for

Lack of invoice in case of direct tax costs

We would like to describe a situation we encountered at one of our clients. The taxpayer bears the costs of transport. The rates and scope of services provided are known, but the invoice is provided by the carrier only after some time. Can we recognize these expenses in a given period as tax costs despite

  • Published in CIT

Legislation and Practice – January in taxes and business law

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

Writing off “bad debts” and tax costs

The annual settlement is a good time to look at “bad debts” and the possibility of settling them in tax costs in CIT. In principle, the “costing” of an uncollectible receivable, previously accounted for as income due, may take place either by: Ad. a If the claim is written off, the creditor must have one

  • Published in CIT

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