GloBE Act signed by the President of Poland On 15 November this year the President of Poland signed the Act of 6 November 2024 on the top-up tax of constituent entities of multinational and domestic groups! The Act will soon be promulgated in the Polish Journal of Laws.   The Act...

Cash PIT from January 2025 Starting January 1, 2025, certain entrepreneurs conducting sole proprietorships will be able to opt for cash PIT method. What is cash PIT method? Currently, entrepreneurs recognize revenue on an accrual basis, regardless of when payments are settled. This...

GloBE Act in the final legislative stage The Polish Parliament enacted the Act of 6 November 2024 on the top-up tax of constituent entities of multinational and domestic groups. The Act is awaiting the signature of the President of Poland. The Act of 6 November 2024 on the top-up...

31 December 2024 is the deadline to fulfil obligations to publish information on the execution of tax strategy for the tax year Deadline We would like to remind you that 31 December 2024 is the deadline for fulfilling the obligations regarding the publishing information on the implemented...

Transfer Pricing documentation obligations for 2023 – deadlines are fast approaching! Key deadlines are approaching for: Local transfer pricing documentation (Local File), Transfer pricing information (TPR), Group transfer pricing documentation (Master File). In 2024, these...

Which transactions are worth reviewing by the end of this year to recover VAT? On 31 December 2024, the time limitations period for VAT settlements from December 2018 to November 2019 will expire. Therefore, it is advisable to verify your documents allowing to reduce output tax or...

Support for rainfall and flood sufferers – VAT, CIT and PIT implications In mid-September, Poland, like some other countries in the region, experienced severe rainfall that led to widespread flooding. In response, the Polish government declared a state of natural disaster....

Employer’s liability for VAT on empty invoices issued by an employee – NSA judgment of 3 September 2024 (ref. I FSK 1212/18) Last Tuesday (i.e. 3 September 2024), the Supreme Administrative Court [hereinafter: NSA or the Court] issued a judgment (I FSK 1212/18) in a case...

Improved proposal of changes to property tax On September 3, 2024, the Ministry of Finance presented a new draft of changes to property tax, which are to apply from 2025. The previous draft was the subject of a consultation conference, which was also attended by representatives of...

“JPK CIT” reporting from 2025 – a new obligation for all taxpayers On August 16, 2024, the Minister of Finance signed a regulation regarding the details of JPK CIT reporting. It is to be formally published in the near future. JPK CIT is a new obligation regarding the transfer...

CJEU has ruled on the legality of DAC 6 provisions under EU law The last few days have seen two important judgements on the reporting of tax schemes. First, the verdict of the Polish Constitutional Tribunal (CT) confirming the inviolability of professional secrecy (for the time being,...

DAC6 (MDR) legislation is unconstitutional as regards the duties of tax advisers The Constitutional Tribunal ruled that the provisions regulating the reporting of tax arrangements (MDR) are contrary to the Polish Constitution to the extent that they interfere with the scope of professional...

Concerning draft of real estate tax changes   On 17 June 2024, the long-awaited draft of amendments to the real estate tax regarding the definitions of a structure and a building appeared, which are to take effect from 2025.   The changes are necessitated by rulings of the Constitutional...

DAC7 – new reporting obligations for digital platforms On 6 June 2024, the Senate, without any changes, sent the text of the Act amending the Act on exchange of tax information with other countries and certain other acts to the President for his signature. The amendment implements...

Taxpayers may apply to start cooperation with the National Revenue Administration [NRA] based on the so-called Cooperative Compliance Programme, a pilot formula assuming mutual trust, understanding and transparency. This is a new quality of the taxpayer’s relationship with...