PR costs as taxable costs
Sometimes there is a need to cooperate with journalists as part of business activity. This is particularly the case when we want to promote a new product in the media by coordinating and editing the notes of cooperating journalists. For this purpose, a number of expenses called PR (Public Relations) costs are incurred. These costs
- Published in CIT
Employee prescription eyeglasses and tax costs
At a time when a large part of the population works in front of a computer, vision defect has become a disease of affluence. And it is often in the employer’s interest that the employee has the right eyeglasses or corrective lenses adapted to the needs and requirements of his or her workplace. Thus, it
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Income Tax Report – new obligation
The Act amending the Accounting Act and certain other acts has been submitted to the President’s desk. It introduces an obligation to prepare and publish income tax reports. It is an implementation of the 2021/2101 Directive. Who is subject to the obligation This obligation is to apply, under certain conditions: In practice, two value thresholds
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Chance for additional tax costs – NID
The annual tax return for 2023 is nearing completion. Therefore, this is the last good moment to settle less popular but important tax relief the so-called Notional Interest Deduction. Pursuant to Article 15cb sec. 1 of the Polish CIT Act: “In a company, a tax-deductible cost is also the amount corresponding to the product of
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Tax on shifted profits for 2023
It should be reminded that with the upcoming annual settlement, the so-called tax on shifted profits must be settled. What are “shifted profits”? It should be recalled that shifted profits are, in principle, defined costs incurred directly or indirectly for the benefit of a foreign related entity due to: – if the conditions set out
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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 Tax Practice Income taxes and transfer pricing VAT International Taxes Other
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Limited partnership and participation exemption
The subject of taxation of a limited partnership and its partners is the subject of many publications. This applies primarily to payments from the company to general partners and limited partners. The latter topic has even become the subject of the general interpretation of the Minister of Finance of 17 December 2021, file reference number
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B2B and B2C cash transaction limits in 2024
One of the elements of the Act amending the Personal Income Tax Act, the Corporate Income Tax Act and certain other acts, known as the “Polish Deal”, was the modification of the provisions on cash payment limits. At that time, the B2B payment limit was modified (up to PLN 8,000.00) and the B2C payment limit
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Foreign artists’ fees and withholding tax (WHT)
King Charles awarded the singers of the Korean band Blackpink with the Orders of the British Empire, and soon we can expect their concerts in other parts of Europe, including Poland. Taylor Swift, after being named Time magazine’s Person of the Year 2023, is embarking on a major tour of Europe starting in the new
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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
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