Polish local minimum income tax will apply from 1 January 2024 From 1 January 2024, the minimum corporate income tax provisions will take effect again. The 10% minimum tax will apply to companies with Polish tax residency and domestic tax capital groups that in the tax year: suffered a loss from a source of income…
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…
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…
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…
Inheritance and donation tax – new tax free limits as of July 1, 2023 As of July 1, 2023, the inheritance and donations tax-free amounts [idt][1] for each tax group will increase. At the same time, the controversial “charitable collections tax”, which was also due to apply from July, has been removed from the regulations.…
Repeal of the state of epidemic emergency – tax implications On 1 July 2023, the state of epidemic emergency will be repealed in Poland. This follows from the Regulation of the Minister of Health of 14 June 2023 on the repeal of the state of epidemic emergency within the territory of the Republic of Poland…
Slim VAT 3 – what changes await taxpayers from 1 July 2023? The amendment to the VAT Act [i.e., the Act of 26 May 2023 amending the VAT Act and certain other acts (Journal of Laws of 2023, item 1059)] commonly referred to as the SLIM VAT 3 package has been published in the Journal…
Doubts over TP statement dispelled! No possibility to submit a TP statement – announcement The Ministry of Finance has indicated in today’s announcement that until the new versions of the TPR-C and TPR-P forms are published, the applicable template for the TPR Information filed for 2022 is the last applicable template. However, a section regarding…