The dynamically changing economic situation, continuous development of competition in most industries and the increase in costs constitute a quite challenge for companies. In order to maintain or improve their market position or minimize operating costs, capital groups decide, for...

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...

The Court of Justice of the European Union, in its judgment of 11 January 2024 in Case C-537/22, reminded that exercising the right to deduct VAT does not require a taxpayer to undertake a comprehensive and in-depth verification of its counterparty. This is something that Polish tax...

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...

For most taxpayers, transfer pricing is associated with numerous and complex formal requirements that must be met within a specified deadline, under the threat of escalating and increasingly severe sanctions. But what if we approached the issue of market conformity of transactions...

Despite the festive period and personnel changes in the structures of the Ministry of Finance, work on National e-Invoicing System (KSeF) and the topics related to its implementation is not slowing down, as exemplified by the Ordinance of the Minister of Finance of 29 December 2023...

At the end of last year, the outcome of the Amazon group’s tax dispute was widely reported in the media. The judgment relates to transfer pricing issues and the possibility of invoking the OECD guidelines. Tax benefits EU Competition Commissioner Margrethe Vestager pointed out...

On 21 December 2023, the CJEU handed down a long-awaited judgment on the VAT taxation of board members’ remuneration[1]. The judgment concerned a member of the board of directors of several public limited companies under Luxembourg law who, by virtue of his position, participates,...

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...

This year, when selling food or beverages in single-use packaging to consumers, a SUP fee they must be charged (PLN 0.20 or 0.25). The new obligation has come as a surprise to many businesses, as there is no guidance from the Ministry of Climate or the Ministry of Finance. For instance,...

As of 1 January 2024, MDDP Michalik Dłuska Dziedzic i Partnerzy has been joined by as many as nine partners. On the VAT Team, Joanna Ryś-Bednarczyk and Paweł Goś have become partners; on the Real Estate Team, Katarzyna Kozakowska and Rafał Kran; on the Transfer Pricing Team, Marta...

The new Notice of the Minister of Finance on the announcement of the type of base interest rate and margin for transfer pricing (safe harbor for financial transactions) has been published! Conditions for safe harbor in financial transactions The Finance Minister has updated the conditions...

Tax challenges for international businesses in Poland in 2024 Monika Dziedzic provides insights into the most important tax developments from 2023 that international businesses need to keep in mind for the coming year: Withholding tax revolution; Tax on shifted profits; Minimum local...

MDDP has advised to Ghelamco in the sale of the Warsaw skyscraper within The Warsaw Hub complex, housing the Crowne Plaza and Holiday Express Inn hotels, to the French fund Corum XL. This constitutes the sale of the third and final building from Ghelamco’s portfolio within The...

https://youtube.com/watch?v=flvA0iV–o0%3Fsi%3DlE8XUuKjOnUInBzg%3Frel%3D0 As Christmas draws near, it’s a significant moment to reflect on our ability—both personally and professionally—to shape a brighter future full of new opportunities. Let us always keep our values...