TAX ALERTS

TAX ALERTS

Mandatory KSeF postponed!
Mandatory KSeF postponed! On January 19, 2024, the Ministry of Finance announced that the implementation of The National System of e-Invoices (Krajowy System e-Faktur, KSeF) will be postponed due to the detection of critical errors in the system code. The Minister of Finance emphasized...
The first CBAM reporting is due by 31 January!
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 CBAM...
News on tax depreciation from 2024
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...
Deadline for WH-OSC follow-up statement ever closer
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...
Year end - a good time to switch to Estonian CIT
Year end – a good time to switch to Estonian CIT The turn of the year is the optimal time to decide whether or not to take advantage of the increasingly popular tax relief, commonly referred to as the ‘Estonian CIT‘. Why is Estonian CIT becoming increasingly popular?...
Settlement of 2023 tax on shifted profits is just around the corner
Settlement of 2023 tax on shifted profits is just around the corner CIT payers with calendar year as their tax year  may be obliged to settle the tax on shifted profits in their CIT return for 2023 by 1 April 2024. The tax on shifted profits  applies to certain payments of passive...
January 2, 2024 expires the deadline for the publication of the tax strategy report for the 2022 tax year
January 2, 2024 expires the deadline for the publication of the tax strategy report for the 2022 tax year Who is obliged? The obligation to publish a tax strategy report applies to tax groups and taxpayers with revenues exceeding EUR 50 M in 2022. In addition to the publication itself,...
Polish local minimum income tax will apply from 1 January 2024.
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...
Withholding tax – Ministry of Finance consults the draft of official guidelines
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...
Changes in cross-border and domestic reorganizations
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...
Higher amount of exemption for financing meals for employees
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...
Deposit Refund System: A Revolution for Now
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...
Repeal of the state of epidemic emergency - impact on transfer pricing obligations
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...
Inheritance and donation tax - new tax free limits as of July 1, 2023
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...
Repeal of the state of epidemic emergency - tax implications
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...
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