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Jubilee awards for employees – PIT or inheritance and gift tax?

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

Income from shares with interest in one source of income

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

MPLS and Polish withholding tax

MPLS is a routing technique in telecommunications networks that directs data from one node to the next based on labels rather than network addresses (source: Wikipedia). It is more and more often an element of settlements with software providers to Polish taxpayers. If the service provider is a foreign entity, then the issue of withholding

  • Published in CIT

Legislation and practice – September in taxes and business law

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

Important deadlines approaching

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

Sale of unfinished residential investment and 8% VAT

In real estate industry, it often happens that the subject of the transaction is an unfinished development investment. In this context, it is important from the perspective of VAT to determine the status of a given investment, i.e. to indicate whether we are dealing with the land itself or with real estate in the form

  • Published in VAT

Carbon Border Tax getting closer

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

Legislation and practice – August in taxes and business law

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

CSRD – new obligations for entrepreneurs are coming

CSRD – new obligations for entrepreneurs are coming Sustainable development. It is a slogan that is being changed by the various bodies of the European Union in all cases. An important element of sustainable development promoted at all EU levels is CSR, i.e. corporate social responsibility. Through a number of initiatives, EU bodies aim to

Polish Simple Joint Stock Company (usually) without tax on civil law transactions

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

10 KSeF challenges – according to ULVE

The Act introducing mandatory electronic invoicing using the National e-Invoicing System (KSeF) from 1 July 2024 has already been published in the “Journal of Laws”. What is the KSeF? In general, it is a system that will enable structured invoices to be issued and made available. In other words, it is a mechanism by which

  • Published in VAT

New responsibilities for digital platform operators looming

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

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