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Legislation and Practice – March in taxes and business law

We present below a short summary of the most important changes in tax/business law and practice in March. Legislation Practice in taxes Income taxes and transfer pricing VAT International Taxes Other

When is software an intangible asset?

Software is an important part of many companies’ operations. However, its correct classification in terms of accounting and tax may raise doubts. When should software be considered an intangible asset, and when is it only an element of a fixed asset? The answer to this question depends on its nature and how it is used.

  • Published in CIT

Regulation on Authorised Declarant of CBAM

The Commission Implementing Regulation was published with regard to the conditions and procedures for the status of an authorised CBAM declarant. These provisions are important because from 2026 only authorized CBAM declarants will be able to import goods covered by the mechanism. As for the important provisions of the Regulation, it is worth noting that,

Changes in sanctions on Russia and Belarus – new obligations for entrepreneurs

From 26 February 2025, an amendment to the Act 0 on special solutions for counteracting support for aggression against Ukraine and protection of national security, as well as regulations on the National Tax Administration and counteracting money laundering and terrorist financing (the so-called sanctions act), signed by the President of the Republic of Poland Andrzej

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 Practice in taxes Income taxes and transfer pricing VAT International Taxes Other

Simplification: Omnibus – proposal to simplify regulations for sustainable development and investment

Yesterday, on 26th February, the European Commission proposed a series of changes aimed at simplifying regulations, increasing competitiveness and unlocking additional investment opportunities. These changes relate, primarily, to changes in the area of sustainability reporting (CSRD and EU taxonomy). Among the proposed changes are presented: In addition, due diligence changes are also proposed such as:

Changes to the Tax Ordinance – MDR and the statute of limitations

Last week, the Minister of Finance, Andrzej Domański, announced a plan to reduce administrative barriers for entrepreneurs. One of its elements is the reduction of obligations in the field of reporting tax schemes (MDR) – by, as announced, “70%”. In addition, important changes have been announced in the scope of the statute of limitations for

Lack of invoice in case of direct tax costs

We would like to describe a situation we encountered at one of our clients. The taxpayer bears the costs of transport. The rates and scope of services provided are known, but the invoice is provided by the carrier only after some time. Can we recognize these expenses in a given period as tax costs despite

  • Published in CIT

Legislation and Practice – January in taxes and business law

We present below a short summary of the most important changes in tax/business law and practice in January. Legislation Practice in taxes Income taxes and transfer pricing VAT International Taxes Other

Writing off “bad debts” and tax costs

The annual settlement is a good time to look at “bad debts” and the possibility of settling them in tax costs in CIT. In principle, the “costing” of an uncollectible receivable, previously accounted for as income due, may take place either by: Ad. a If the claim is written off, the creditor must have one

  • Published in CIT

Pillar II minimum tax

The Polish Act on Compensatory Taxation of Constituent Entities of International and Domestic Groups (the “Act”) has been in force since the new year. As we have indicated in previous materials, the Act implements the provisions of the so-called GLoBE Directive, i.e. m.in. regulations on the minimum 15% global equalization tax, the so-called Pillar 2,

Target CBAM model getting closer

On 30 December 2024, the Commission Implementing Regulation EU 2024/3210 of 18 December 2024 laying down rules for the application of Regulation (EU) 2023/956 of the European Parliament and of the Council as regards the CBAM registry was published, effective the following day. This Regulation primarily requires the Commission to establish at EU level a

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