Guide to the Polish minimum CIT rules to be applied from 2024 Polish minimum corporate income tax (CIT) regulations will come into effect from January 1 2024. This 10% minimum tax will be applicable to companies with Polish tax residency and domestic tax capital groups if, during...

How to manage financial transactions – TP aspects in Poland In the current economic situation, the importance of intragroup financial transactions has been growing. Companies are increasingly borrowing from a related party instead of financing from an external financial institution....

PIT while doing business in Poland Ukrainian citizens can set up a sole proprietorship in Poland [one-man business activity] as well as remotely provide services in Poland as part of business activities established in Ukraine. Polish provisions are quite strict when it comes to performing...

It is the third time an amendment to the VAT Act in Poland is referred to by the Ministry of Finance as ‘SLIM VAT’. There are many changes introduced by this act, but most of them are rather minor. What is important is the changed rules for the application of VAT sanctions. This amendment...

Poland watching closely as European Commission initiatives on withholding tax aim at simplification On June 19 2023, the European Commission issued a statement signalling legislative work on simplifying and synchronising members states’ laws on pay and refund withholding tax (WHT)...

A new regulation in Poland explained: family foundations and their taxation The purpose of a family foundation, which is a new structure for Poland, is to accumulate wealth and manage it in the interest of the beneficiaries. As a rule, a foundation is exempt from corporate income...

Taxing shifted profits – how to tackle the new challenge in Poland 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 upcoming deadline for the annual CIT return would be also the first date...

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...

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...

Simplified import procedure from Ukraine to the EU. How does it work? VAT taxpayers importing goods into the EU can use the simplified import VAT procedure. This is a cashless procedure for paying VAT on imports. Whether you want to import goods into the EU from Ukraine or from another...

New rules surrounding the Polish Investment Zone From January 1 2023 there are new rules on regional investment state aid in the Polish Investment Zone. The Polish Investment Zone provides corporate income tax exemption in return for investment in specific regions. It applies to all...

Enhanced tax exemptions for holding companies in Poland With 2023 comes numerous changes to improve the availability and operation of the Polish holding company model. It is worth remembering that the capital gains tax exemption for holding companies was introduced into Polish tax...

Green taxes in the fight against climate change There is a perception that the only meaningful achievement of this year’s COP27 summit is the agreement to set up a ‘loss and damage’ fund to cover the losses of developing countries caused by climate change-related disasters. Beyond...

Customs of the future WTO looks dedicated to the idea of customs reform, recognizing jointly all the main current global challenges (the Covid-19 pandemic, the climate crisis, increased geopolitical tensions and threats to global food security) with the term “policrysis”. ___ Download...

9 key Polish corporate income tax changes for 2023 In January 2023, an amendment to the Polish Corporate Income Tax Act will come into force. Pro-fiscal changes as well as solutions that are favourable for taxpayers will be introduced, making certain tax instruments more challenging...