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Repayment of someone else’s debts and tax deductible costs

It is a common practice of taxpayers to take over the debts of contractors when purchasing real estate, leasing or other contracts standard for business transactions. Such a debt takeover may have a positive impact on, for example, the price or terms of concluded contracts. However, what if the taxpayer decides to repay all or

  • Published in CIT

Obligation regarding income tax reports

Recently, the Ministry of Finance published a draft amendment to the Accounting Act, implementing EU Directive 2021/2101. Its purpose is to introduce an obligation addressed to the largest entities to prepare and publish an income tax report. This obligation applies to companies that are: an ultimate parent undertaking company (i.e. they prepare consolidated financial statements),

Changes in the regulations on counteracting excessive delays in commercial transactions have entered into force

On 8th December 2022 significant changes to the Act on Counteracting Excessive Delays in Commercial Transactions entered into force. They focus on two main areas: facilitation, including clarification of regulations, and increasing the effectiveness of proceedings conducted by the Head of UOKiK. The deadline for submitting the report was extended from 31st January to 30th

Legislation and practice – November in taxes

We present below a short summary of the most important changes in tax law and tax practice in November: Legislation The Decree amending the Decree on exemptions from the obligation to keep sales records using cash registers (item 2242) was published in the Journal of Laws – exemption of municipalities from the obligation to record

Structured invoices mandatory from 2024

On 1 December 2022, the Government Legislation Center published a draft act amending the Polish VAT Act regarding the National System of e-Invoices (Pol. KSeF), which is to introduce the obligation to issue structured invoices from 1 January 2024. The publication of the draft act in question begins the second stage of the implementation of

  • Published in VAT

Cash registers – “where are we”?

For several years, we have witnessed a gradual replacement of “old type” cash registers with cash registers with (at least) electronic copies, and ultimately with online cash registers. What is this gradual transformation “on” today? The original plans of the Ministry of Finance were daring – it was said that online cash registers would apply

  • Published in VAT

Foreign webinar and VAT settlement

Internationalization of enterprises, free movement of capital and people in the European Union, direct investments from other countries – these are the reasons that determine that more and more companies operating in Poland acquire training services. They often take the form of webinars provided by foreign entities that do not have their registered office or

  • Published in VAT

Legislation and practice – October in taxes

We present below a short summary of the most important changes in tax law and tax practice in October: Legislation The bill of amendment to the CIT Act and other tax acts was published in the “Journal of Laws” (item 2180). The project assumes, among others postponement and amendment of the “minimum” tax regulations, elimination

VAT taxpayer not conducting business activity and the “White list” (rental)

The “White list”, i.e. the “List of entities registered as VAT taxpayers, unregistered as well as deleted and restored to the VAT register”, started to function in September 2019. On the one hand, it helps to verify contractors, but on the other hand, it was associated with certain definition inaccuracies , especially in the first

  • Published in VAT

“Windfall tax” on energy companies – another proposal

The echoes of the proposal to introduce the so-called “windfall tax” on the excess profits of many entrepreneurs, not only from the energy sector. It caused quite a stir among taxpayers. However, there are indications that this proposal has been dropped. Today, the assumptions for the draft act on emergency measures aimed at limiting the

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

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