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Tax advisory

WHT from January 2022
Under the Polish Deal provisions, changes to withholding tax will enter into force in January 2022. According to the bill, the changes concern: due diligence, the definition of “beneficial owner”, the “pay and refund” mechanism,…
Taxation of business operators under the “Polish Deal”
The Act of 29 October 2021 Amending the Personal Income Tax Act, the Corporate Income Tax Act and Certain Other Acts has been published in the Journal of Laws (Dz.U. 2021 item 2105). The new…
TAX FREE procedure
Businesses selling goods in retail stores can take advantage of the TaxFree procedure. After meeting certain conditions, stores can facilitate VAT refunds for their customers from outside the European Union who paid the tax when…
Polish Deal - tax changes for employees
From 1 January 2022, the package of tax changes introduced under the Polish Deal will enter into force in Poland. On 16 November 2021 the act introducing the new regulations was signed by the President…
"Polish Deal": summary of the most important changes in taxes
On Tuesday, November 18, 2021, the president signed the law on tax changes, which is provided for in the so-called "Polish Deal ". Therefore, we are sure that from January 1, 2022 we will all…
Changes in the alternative minimum corporate income tax
On 14 September 2021 the Polish government made a correction to its bill to amend the income tax acts which it had filed with the Sejm on 8 September 2021 as part of the Polish…
Taxpayers have until 15 October 2021 to provide notice of a change in tax office
The deadline for taxpayers to notify the head of their current tax office that they meet the conditions requiring them to move to a specialized tax office is fast approaching.
CIT on pass-through income
Amendments to the Corporate Income Tax Act introduced by the Polish Deal also include additional, previously non-existent fiscal burdens, which are intended to further tighten the existing tax system in Poland. The tax on pass-through…
New VAT regulations on the National e-Invoicing System
On 1 October 2021 The Parliament has passed a law amending the Goods and Services Tax Act and certain other laws (print no. 1547) concerning the introduction of the National e-Invoice System.
Changes in costs of debt financing
The changes to the Corporate Income Tax Act introduced by the Polish Deal also affect the limits on including costs of debt financing among deductible revenue-earning costs (CIT Act Art. 15c).
Changes in VAT in so-called VAT groups
In July, the Polish government presented a bill to introduce broad changes to tax and insurance laws, known as the “Polish Deal.” In addition to changes in income taxes, the bill also provides for significant…
New SAF-T (JPK_VAT) is coming
As we have already reported, VAT taxpayers will be required to submit a new version of the JPK_VAT file consisting of record and declaration parts. This file will replace the current VAT-7 and VAT-7K declarations…
Limitation of depreciation costs in real estate companies
Amendments to the Corporate Income Tax Act proposed by the Polish Deal introduce an unfavourable regulation regarding the possibility to treat as tax deductible costs depreciation write-offs on real estate in real estate companies.
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…
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