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Tax advisory

Alternative minimum corporate income tax and changes regarding limiting costs of intangible services provided by related parties
On 8 September 2021, an updated draft of amendments to tax laws to the Polish Deal programme was published. The most important of them - which comes as somewhat of a surprise - concerns a…
Tax abolition – introduction of a temporary income tax solution for taxpayers
Draft law introducing changes in taxation related to the Polish Deal also contains one institution of tax abolition (voluntary disclosure), which has been rarely encountered in the Polish legal system. By the authors of these…
Changes in withholding tax
The remitter may apply a reduced WHT rate or not collect the tax at all, if allowed by a tax treaty or by specific regulations. Then the remitter is required to hold a certificate of…
Tax relief for innovation in the Polish Deal
Taxpayers can expect many changes and new legal solutions to have a positive impact on the development of innovation in Poland. Adoption of the package of amendments known as the “Polish Deal” will extend R&D…
Taxation of holding companies
A new tax regime for holding companies is to be introduced as part of the Polish Deal. According to the justification for the bill, the main purpose for this proposal is to provide Polish businesses…
Deduction for purchase or operation of payment terminals
The proposed new provision of the Corporate Income Tax Act is another instrument aimed at combating the shadow economy, in which trading is generally done in cash. The Ministry of Finance believes that a gradual…
Restrictions on artificial expenses in the form of hidden dividends to shareholders
Proposed amendments to the Corporate Income Tax Act introduced by the Polish Deal also include significant limitations on classifying certain expenses as tax-deductible costs, regarded as hidden dividends. This applies to cases where shareholders receive…
Incentives for Polish stock market entrants (relief for IPO costs)
The draft tax changes under the Polish Deal include many solutions aimed at realizing non-fiscal functions of taxes, in the form of new tax relief. One proposal is a new regulation in the Corporate Income…
Relief for taxpayers supporting sports, cultural activities, higher education and science
The proposed tax changes within the Polish Deal would introduce new relief aimed at creating favourable tax conditions for sponsorship and facilitating socially responsible activities of companies and celebrities in business, culture and sport.
Estonian CIT in a new form
The flat-rate tax on the income of companies, referred to as “Estonian CIT,” was introduced into the Polish tax system from 1 January 2021. So far, this form of taxation has not been popular. In…
Main points of the "Polish Deal" TAX programme
I. Changes in income tax for individuals not conducting business activity: Raising to PLN 30,000 the annual amount of income tax-free from personal income tax for taxpayers paying PIT according to the tax scale (e.g. persons…
From 1 July 2020 changes - Whitelist, Quick fixes, Schedule of VAT rates, Postponement of deadline for implementing JPK
Whitelist The deadline for taxpayers to submit a notice of payment to an account other than one indicated in the whitelist (ZAW-NR) will be extended from three to seven days. However, during the period of…
Another postponement of changes in withholding tax
According to the latest unofficial reports from the press office of the Ministry of Finance, entry into force of new rules on collection of withholding tax (WHT) in Poland (the pay-and-refund system), along with applicable…
Withholding tax: Remember to maintain due diligence
Entry into force of changes in the withholding tax regulations in Poland is rapidly approaching more here).But in addition to this major legislative change, we would like to draw your attention to the duty to…
Changes in withholding tax regulations in 2021
Based on the 23 October 2018 amendment to Poland’s income tax acts, a new procedure for collecting withholding tax was introduced. However, these regulations have not been applied yet, due to a series of postponements pursuant…
National e-Invoice System to launch in October
The Ministry of Finance has announced plans to launch the National e-Invoice System (Krajowy System e-Faktur—KSeF) in the second half of this year. According to the legislative proposal, the platform aims to replace the issuing…
What will change in case of providing simplified invoices in the VAT register and SAT-T file in 2020?
In the new SAF-T file we do not report receipts with tax identification number of purchaser (NIP) being simplified invoices. Since the 1st of January 2020, entrepreneurs in Poland may issue an invoice to the…
During a tax investigation, the taxpayer can correct invoices with unduly shown VAT, if the invoices were issued in good faith
Invoices with unduly reported VAT can be corrected by a taxpayer acting in good faith, even during the course of a tax investigation. Consequently, the taxpayer is not obliged to pay VAT pursuant to Art.…
Judgment of The Court of Justice in terms of VAT
The Court of Justice confirms what taxpayers operating in Poland have long disagreed with - introducing an additional requirement in Polish regulations which leads to showing output and input VAT in two different settlement periods…
Tax aspects of UK–EU trade in goods which should be considered after Brexit
Although the UK formally left the European Union on 31 January 2020, thanks to the transition period, for businesses and consumers Brexit really took effect on 1 January 2021 when the UK withdrew from the…
Amendment of the VAT Act
In November 2020 the Polish Sejm adopted with revisions the amendment to the VAT Act introducing so-called “Slim VAT.” President of Poland signed the bill on December, 21. According to the bill, it will enter…
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