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Partial liability does not create a tax cost

Payment as part of a court settlement with partial liability for defectiveness is a tax non-deductible cost. Such a ruling was made on 22nd February 2023 in the Supreme Administrative Court (file reference number II FSK 1901/20). The applicant was an entrepreneur who performs, among others Industrial floors. As part of one of the contracts,

  • Published in CIT

Tax costs – two important judgments of the Supreme Administrative Court

The cost of amicable termination of the employment contract is a tax cost, and the advisory costs of purchasing shares may be settled within the so-called “operating” costs – these two noteworthy rulings were made on 14th February in the Supreme Administrative Court. Costs of termination of the employment contract (file ref. number II FSK

  • Published in CIT

Legislation and practice – January in taxes

We present below a short summary of the most important changes in tax law and tax practice in January: Legislation The Decree on the exclusion of the obligation to collect flat-rate corporate income tax (item 2852) was published in the “Journal of Laws” – an updated catalogue, especially with regard to the so-called technical payers.

“SLIM VAT 3” adopted by the Government

Yesterday the Council of Ministers adopted a draft Act on amendments to the Polish Value Added Tax Act and certain other laws – the so-called “SLIM VAT 3” package. This is another installment of the VAT modification campaign, aimed at preparing packages of changes that make it easier for entrepreneurs to account for VAT. Thanks

  • Published in VAT

The taxpayer is obliged to recreate the destroyed documentation in CIT

The Supreme Administrative Court issued an important ruling on documenting tax costs. The background was as follows: during the a audit, the company did not submit any source documents confirming the incurrence of tax costs indicated in the declaration. The company stated that the inability to present the documents was the result of a fire

  • Published in CIT

Changes in the Labor Code

Yesterday, the Council of Ministers adopted a draft amendment to the Labor Code, implementing in particular the directives: “work-life balance” and on transparent and predictable working conditions. According to government information, the changes will primarily concern the following issues. Holidays As regards to parental leave, employees will have an individual right to parental leave. A

Changes in taxes 2023

We would like to present you with a brief summary of the changes in the tax law regulations that will come into force from the beginning of 2023. It is worth analyzing them in terms of their impact on your business. Corporate Income Tax (CIT) The first group of changes results from the amendment adopted

Legislation and practice – December in taxes

We present below a short summary of the most important changes in tax law and tax practice in December: Legislation A draft act amending act on tax on goods and services and some other acts was published on the website of the Government Legislation Center – introduction of: an obligatory e-invoicing (National System of e-Invoices)

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

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