Tax is no joke – getting it wrong can cost you dearly. This is why modern businesses need sound information and expert advice.
Tax Focus is our overview of everything that’s happening in tax case law, legislation and practice.
It provides concise advice and tips, as well as proven, factual knowledge in accessible, clear language. A synthesis of the most important issues and topics in the tax world.
The year 2025 brings significant changes to tax legislation that will affect businesses, individuals and corporations. We look at what you should know and how to properly prepare for the new requirements.
November saw the issue of two important general rulings on withholding tax. The first concerns certain conditions for dividend exemptions and the second, conditions for interest and royalties. In addition, some notable tax clarifications are expected to appear by the end of the year. We take a closer look at the Ministry's general rulings and their possible implications.
The Polish banking sector is currently facing another major challenge related to Swiss franc issues. This time, however, it concerns the tax consequences of settling loans taken out in CHF.
As we approach the fourth anniversary of the introduction of this levy, it is a good time to take stock of its impact and the doubts surrounding its application. Today, we can see that the revenue from the levy bears no relation to the ever-decreasing sales volumes. This points to a systemic problem.
Tax governance is becoming a key element of the ESG strategy.
We take a look at current trends and how AI is being implemented in the field of tax auditing.
In an era of ubiquitous tax compliance inspections, the implementation of an appropriate oversight framework appears to be critical to the safe operation of a business.
In the new bill, the Ministry has proposed a new definition of a structure.
The Minister of Finance has announced a plan to reduce the Belka tax, to come into effect on 1 January 2025. And although he has said that the groundwork is already being laid, he has not yet revealed all the details of the proposed changes.
Plans to introduce the National eInvoicing System (KSeF) have been suspended for at least two years.
Individuals with an income of more than PLN 1 million have until 30 April to pay the 4% solidarity levy. It is worth checking now whether and how losses from previous years have been settled so far.
The impending Bitcoin halving, the Ministry of Finance’s announcement of new regulations for crypto-assets, and the PIT settlement for virtual currency trading are just some of the changes that cryptocurrency enthusiasts can expect to see in the coming weeks.
Trading in cryptocurrencies not falling within the scope of activities of family foundations.
How to avoid joint and several liability for a company’s tax debts?
By when do sole proprietors and non-corporate entities have to choose their form of taxation? Which is the most advantageous? This article analyses and explains the available options.
The implementation deadline of 1 July 2024 for the National e-Invoicing System (KSeF) has been suspended, announced the Minister of Finance.
Recently, banks have questioned the tax treatment of reimbursements to CHF mortgage borrowers in the event that a CHF mortgage agreement is declared invalid by a final and non-appealable judgement.
We look at whether the KSeF will be a help or a hindrance for businesses, looking at both the pros and cons of the new system.
According to the Supreme Administrative Court (Naczelny Sąd Administracyjny, NSA), a taxable person may not be deprived of the right to deduct VAT simply because a legal transaction is invalid from a civil law perspective.
Management board members who also provide services to companies need to exercise caution, as the tax authorities have changed their previous positive attitude and are increasingly refusing to issue tax rulings for this type of arrangement.
If you are considering using a particular relief, it is worth doing a thorough analysis of the tax legislation and checking whether you are actually entitled to it.
This year, the Ministry of Finance has decided not to extend the deadlines for fulfilling transfer pricing obligations. This means that the deadlines resulting directly from income tax acts will apply.
The landmark judgment of the Constitutional Tribunal is the beginning of the road to the introduction of a new definition, which will finally resolve the dispute that has lasted for over a decade.
Solidarity levy: a legislative oversight is good news for taxpayers
The deadlines for meeting transfer pricing obligations for 2022 are approaching.
On 15 March this year, the Standing Committee of the Council of Ministers gave its favourable opinion on a bill concerning amendments to the VAT Act and certain other acts in connection with the introduction of a mandatory National e-Invoicing System (KSeF).
On 8 March this year, the first reading was held of the bill amending the Value Added Tax Act and certain other acts – i.e. the so-called SLIM VAT 3 (print no. 3025).
Withholding tax (“WHT”) is applicable to taxable persons paying both PIT and CIT, and applies to monies paid to foreign entities.
With the beginning of 2023, let’s take a brief look at the major tax solutions that came into effect from 1st January.
The exemption from dividend withholding tax provided for in Article 22(4) of the CIT Act has repeatedly aroused controversy among taxpayers due to its inconsistent interpretation by tax authorities and administrative courts.
When trying to determine the VAT consequences of NFT disposal, the first question to be answered is what type of an NFT are we dealing with?
Arrangements and consultations on the draft act amending the VAT Act and certain other acts, i.e. the so called SLIM VAT 3 (draft No. UC128), were scheduled to complete by 26 August. It is assumed that the draft act will enter into force on 1 January 2023, with one exception being changes to VAT sanctions, […]
On 28 June 2022, a draft of further amendments to the Personal Income Tax Act and other acts – Polish Deal 3.0 – was published on the Government Legislation Centre website (draft No. UD404).
On 28 June 2022, a draft of further amendments to the Personal Income Tax Act and other acts – Polish Deal 3.0 – was published via the Government Legislation Centre website (draft No. UD404).
Under the CIT Act, taxpayers are normally required to file the TPR form and a statement on the preparation of the local file for 2021, by the end of the ninth month after the end of the financial year.
On 12 May 2022, the lower house of the Parliament (Sejm) adopted the Amendment to the Personal Income Tax Act and Certain Other Acts - the so-called Polish Deal 2.0 (print no. 2186). Below we present a summary of what we believe to be the most important tax solutions.
Natural gas as a 'transition fuel' for Europe on its path towards a zero-carbon economy was supposed to help gradually reduce greenhouse gas emissions. However, this environmentally-sound objective now needs a second look, particularly when gas market developments may affect the viability of new gas-fired generation projects, and when permanent impediments to gas availability may even prevent their uninterrupted and efficient operation.
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