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

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

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

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

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

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

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

“The Polish Deal” introduced an additional relief in income taxes (PIT and CIT), called “sponsorship” or “CSR” relief (Article 18ee of the Polish CIT Act and Article 26ha of the Polish CIT Act). It consists in the possibility of an additional deduction from the tax base of, among other things, 50% of tax-deductible expenses incurred

The applicant is a Polish company that plans to enter into an agency agreement with a company in India (agent). The agent will act as an intermediary for the sale of the applicant’s products on the Indian market. His tasks will include representing the company, attending meetings, making offers on behalf of the company, answering

Polish CIT regulations have provided tax preferences for entities accumulating profits for several years. This instrument is the recognition of the amount of “hypothetical” interest on own financing (notional interest deduction) as tax deductible costs. According to Article 15cb sec. 1 point 2 of the Polish CIT Act the tax deductible cost is also the