The reform of Estonian CIT (sometimes called as “lump sum taxation”) under the Polish Deal, which began in 2022, allowed for a significant expansion of access to this form of taxation, e.g. by expanding the catalogue of entities eligible to apply Estonian CIT, reducing the flat rate on income, and abolishing the revenue limit. Thanks…
There is less than a month left to meet the transfer pricing reporting deadlines. One of the obligations is to file to the Polish tax office a statement on transfer pricing documentation and on the arm’s length nature of the transaction. The statement shall be signed by members of the company’s management board. For most…
Taxpayers actively promoting their own products may, starting from 2022, make more deductions from their tax base. Tax credit for enhanced product sales is a kind of closing bracket for other deductions introduced with regard to taxpayers’ manufacture of their products. This time, the legislator touches upon the final element of selling one’s own products,…
Starting from 1 January 2022, two tax credits closely linked to the Initial Public Offering (IPO), or, in a nutshell, the stock market debut of a company, have been introduced into income tax laws. The first of the two IPO tax credits is aimed at corporate income tax payers deciding to conduct such an IPO.…
The deadline for filing TPR for 2021 with the Head of KAS is looming – 31 December 2022! Do not work on the TPR at the very last minute. Instead, complete it as early as possible. Failure to comply with this obligation can be costly. The prospect of penalties Completing the form hastily may result…
Starting from 1 January 2022, there a new deduction for the support of sports, culture and higher education and science, commonly referred to as a CSR (corporate social responsibility) tax relief. This is intended to support cultural, sporting and scientific activities more extensively by ensuring that the financial dimension of this support can be included…
Starting from 2022, the research and development deduction was extended and supplemented by a new solution, called the innovative employee deduction. The research and development tax relief entitles the taxpayer to deduct from the tax base the speific research and development costs. Taxpayers exempt from tax in special economic zone or on the grounds of…
Starting from 2022, taxpayers will be able to benefit from a new tax credit known as the consolidation tax credit or the acquisition tax credit. In a nutshell, it involves the possibility of deducting expenses incurred in connection with acquisition of company shares from the tax base. However, taking advantage of this modest tax credit…
This is the final call to make sure you meet the obligations related to preparing transfer pricing analyses. Due to the Covid-19 pandemic, in 2021, the deadlines for meeting the documentation obligations for 2021 (including TP analysis) have been extended until the end of 2022 for most taxpayers. Update of TP analysis One of the…
From the very beginning of 2023, Poland will allow a group of entities bound by financial, economic and organisational links to be registered as a one taxpayer, i.e. the VAT group. It may be a suitable solution to eliminate output VAT in the intra-group transactions, but the complexity of regulations regarding input VAT deduction and…