CRS/Euro-FATCA reporting for 2023 will also include reportable accounts held by persons from Georgia and Ukraine On 28 March 2024, the notice of the Minister of Finance of 22 March 2024 on the list of countries and territories covered by the CRS reporting obligation for 2023 was published (M.P. of 2024, item 237 [Notice]). In…
The groundbreaking judgment of the Supreme Court – a shareholder in a two-person limited liability company without ZUS contributions On February 21, 2024, the Supreme Court ruled that a shareholder in a two-person limited liability company holding 99% of all shares is not subject to social insurance contributions under Article 6 clause 1 point 5…
Deadline for real estate companies to report is approaching In 2024, exceptionally, by April 2, real estate companies and their shareholders are obliged to file information in the case of information submitted by: real estate companies – about the entities that, directly or indirectly, hold shares, together with the number of such shares held by…
Individuals are also required to submit the TPR Form – deadline 31 January! Transfer pricing documentation and reporting obligations may also arise for individuals. If such obligations have occurred for 2022, the TPR form must be submitted by 31 January 2024. In our experience, individuals often forget about this obligation, and failure to comply can…
Change of Form of Taxation for Business Activity – Important Deadlines Individuals conducting a sole proprietorship and partners in selected partnerships have the option to change the form of income taxation for 2024 by submitting the appropriate declaration. Forms of taxation for incomes generated by entrepreneurs or partners in selected partnerships Taxpayers who are entrepreneurs…
Mandatory KSeF postponed! On January 19, 2024, the Ministry of Finance announced that the implementation of The National System of e-Invoices (Krajowy System e-Faktur, KSeF) will be postponed due to the detection of critical errors in the system code. The Minister of Finance emphasized that the stability and security of economic activities in Poland constitute…
The first CBAM reporting is due by 31 January! Importers have to submit their first CBAM (Carbon Border Adjustment Mechanism) report until 31 January 2024. Each importer of CBAM goods* into the EU should submit a quarterly report containing information on the imported goods. The CBAM report must include, inter alia: the total quantity of…
News on tax depreciation from 2024 From 2024, new possibilities can be applied in the field of depreciation of fixed assets for tax purposes (PIT and CIT). Accelerated depreciation for new buildings The first preference applies to non-residential buildings and structures. In certain cases, accelerated depreciation of such fixed assets is possible. The basic depreciation…
Deadline for WH-OSC follow-up statement ever closer Tax remitters with tax year same as calendar year are required to file a WH-OSC so-called follow-up statement by 31 January 2024. Who is affected by this requirement? If payments subject to withholding tax exceed the PLN 2 million threshold in a given year to a given entity,…
Year end – a good time to switch to Estonian CIT The turn of the year is the optimal time to decide whether or not to take advantage of the increasingly popular tax relief, commonly referred to as the ‘Estonian CIT‘. Why is Estonian CIT becoming increasingly popular? Estonian CIT is a relatively new form…