Read more +31 May 2023 By Tomasz Jakubiak in Taxes
One of the more interesting reliefs in the Polish tax system is the so-called housing relief, which allows individuals to ‘save’ on taxes in a situation where they sell a property they own and use the proceeds from this transaction to realize a housing purpose. In practice, however, this relief is associated with a number
Read more +23 May 2023 By Tomasz Jakubiak in Taxes
Can the tax on civil law transactions (TCLT, sometimes also functioning as stamp duty) be a tax-deductible cost? When formulating the answer to such a question, as is very often the case in taxation, the answer is – it depends. General principles According to Article 15 sec. 1 of the Polish CIT Act, tax-deductible costs
Read more +16 May 2023 By Tomasz Jakubiak in Taxes
On 10th May 2023, the Carbon Border Adjustment Mechanism (CBAM) Regulation was adopted. This means that as of 1st October 2023, new quarterly reporting obligations await entrepreneurs related to the need to determine the level of emissions associated with the production and transportation of imported products listed in the Regulation, or to determine their origin.