Withholding tax – Ministry of Finance consults the draft of official guidelines On 28 September 2023, the draft of the official clarifications on withholding tax [Draft] was published. The Draft refers to the beneficial owner criteria, which includes, inter alia, the condition of a genuine economic activity to be conducted by the recipient of the…
Changes in cross-border and domestic reorganizations On September 15th, 2023 an amendment to the Polish Commercial Companies Code came into force, introducing new types of domestic and cross-border reorganizations. Following the amendment, changes to income tax acts and Tax Ordinance were also implemented. Changes related to cross-border reorganizations aim to implement EU directives (Directive No.…
Higher amount of exemption for financing meals for employees On September 1, 2023 the Regulation of the Minister of Family and Social Policy came into force, amending the Regulation on detailed rules for determining the basis for pension and disability contributions. According to it, the basis for the calculation of retirement and disability contributions is…
MDDP experts in ITR World Tax Leaders 2024 As many as 12 MDDP experts have been listed in the ITR World Tax Leader ranking. This means that again MDDP has the LARGEST number of distinguished experts among all companies in Poland! MDDP experts are distinguished in 5 key categories: General Corporate Tax (corporate taxation) Direct…
MDDP advised Griffin Capital Partners and Redefine Properties on the acquisition of Stokado MDDP has advised Griffin Capital Partners, a Polish investor and a private equity and real estate asset management firm, and Redefine Properties, a South African investor, on the acquisition of Stokado – one of the largest self-storage chains in Poland with facilities…
Deposit Refund System – a revolution for now The introduction of a deposit refund system in Poland is a huge financial and logistical challenge that awaits entrepreneurs in the coming years. What will change? The deposit refund system is a way to collect used beverage packaging from the market. An additional fee (deposit) will be…
MDDP recognized in World Tax and World TP 2024 rankings With great pleasure, we announce that in the latest edition of the prestigious World Tax and World TP 2024 rankings prepared by the International Tax Review, MDDP has maintained its positions in all four categories! 🏆 Tier 1 in the “Indirect Tax” category (sixth consecutive…
MDDP advised Cornerstone on the acquisition of the Warta Tower The experts from MDDP Michalik Dłuska Dziedzic and Partners advised a company belonging to the investment platform Cornerstone Investment Management on the acquisition of the Warsaw office building Warta Tower, located on Chmielna Street, with an area of over 30,000 square meters, from the Globalworth…
Repeal of the state of epidemic emergency – impact on transfer pricing obligations Since the lifting of the state of emergency in Poland, many regulations and procedures related to transfer pricing have taken on a new dimension. In a previous alert dated 20 June, our experts discussed in detail the impact of this event on…
During audits, tax authorities often scrutinize the increase/decrease in the interest rate on loans with reference to the results of the benchmarking. It may happen that the newly determined interest rate in an intra-group loan is considered non-arm’s length, which paves the way to estimating the taxpayer’s income. The ruling of the VAC in Bialystok[1]…