Bartosz Doroszuk of MDDP offers insights on Poland’s new tax legislation on shifted profits, as the implementation deadline looms nearer. The new tax on shifted profits has been implemented via the Polish CIT Act from January 1 2022. Since this tax is settled on annual basis, the...

Q1 2023 is coming to an end and taxpayers have already familiarized themselves with the changes brought in by the new year in the area of transfer pricing. The key one are shortened documentation and reporting deadlines, but apart from that, a number of seemingly minor changes were...

Is conversion of shopping centres a remedy for the housing shortage? The slowdown in housing investments observed recently, and the influx of refugees caused by the ongoing war in Ukraine have increased an already large hole in the Polish housing market. Among many solutions, the...

End of Q1 2023 – what obligations must be met? For most taxpayers operating in corporate groups the end of March 2023 is associated with the deadlines for meeting the last transfer pricing obligations. Some of them still apply to 2021. TPR for companies with a shifted tax year As...

MDDP advised GH Development on the purchase of the plot of land from Multikino GH Development has purchased a plot of land from Multikino to build a mixed-use residential and commercial complex in Ursynów, Warsaw, where the oldest Multikino cinema in the capital is located. The complex...

MDDP advised GH Development on the purchase of the plot from Multikino Developer GH Development has purchased a plot of land in Ursynów from Multikino. On the site of the oldest cinema of the Multikino chain in the capital city, a complex of residential and commercial buildings will...

The deadline for ORD-U (information on contracts concluded with non-residents) is moved to end of 11th month following the end of tax year The Finance Minister’s Decree of March 6, 2023 (Journal of Laws 2023, item 422) amended the the Finance Minister’s Decree of December...

Mandatory e-invoicing in Poland postponed till July 2024 A European Council derogation decision allowed Poland to introduce a mandatory e-invoicing system starting from January 1 2024 and draft regulation stated this date. However, according to the latest announcements from the Ministry...

The instrument of recharacterization and non-recognition of transactions was introduced to the transfer pricing regulations on 1 January 2019. Tax authorities may decide that in comparable circumstances third parties would not have made a given controlled transaction or would have...

Janina Fornalik of MDDP explains recent changes to, and potential problems with, the proposed mandatory e-invoicing system in Poland and why businesses should already be preparing for its implementation. A European Council derogation decision allowed Poland to introduce a mandatory...

Today we are addressing formal conditions to be met only in the case of in minus adjustments. Condition 3: TP adjustment in the books of both transacting parties The taxpayer must have a statement from a related entity or an accounting evidence confirming that the entity made the...

Crowdfunding today is not only a way to raise funds for an expensive medical treatment or support people in a life crisis. Online platforms such as Patronite are popular at present among writers, travelers, online creators or start-ups. It is just about setting up an online fundraising...

Correctly classifying a brokerage transaction has certainly not been intuitive for taxpayers. Making such transactions between related entities adds complexity to the matter. The challenge for the taxpayer is both determining the value of such a transaction and establishing the appropriate...

MDDP supported White Stone with the sale of Celebro Experts of MDDP Michalik Dłuska Dziedzic i Partnerzy advised White Stone Development on the sale of the Celebro office building to Eika Real Estate Fund, represented by Eika Asset Management. Celebro is a modern Class A office building...

In a recent blog entry we wrote that according to the position of the tax authorities, the choice of a simplified form of taxation (the lump sum on the income of companies called Estonian CIT) does not exclude the application of transfer pricing regulations. At the same time, we highlighted...