Polish Deal
Polish Deal – new regulations on check acquisition
Regulations introducing the Polish Deal added a new section to the Act of 16.11.2016 on the National Tax Administration, dedicated to check acquisition (Articles 94k-94x), commonly known as controlled acquisition.
Polish Deal – Introduction of VAT groups
The regulations introducing the “Polish Deal” also contain changes concerning VAT. One of the most important is the introduction of VAT groups—a solution providing for the possibility of treating a…
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”,…
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.…
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…
“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…
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…
Adjustment of transfer prices: Current law and changes proposed in
Adjustment of transfer prices is a mechanism applied in settlements between related entities. The appropriate classification of a settlement as a transfer pricing adjustment (as referred to in Art. 11e…
Key changes in transfer pricing: Tax and investment agreements, ORD-U,
In the third part of our series of articles we describe last changes proposed under the project called "Polish Deal" connected with the topic of transfer pricing. These changes pertain…
Key changes in transfer pricing: Comparative/consistency analysis, Adjustment of transfer
In the second part of our series of articles we describe the most important changes proposed under the project called "Polish Deal" connected with the topic of transfer pricing. These…
Changes in VAT: Taxation of financial services, Promotion of non-cash
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…
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…
Key changes in transfer pricing: Value of transactions, Deadlines, Statement,
Below we describe the most important changes proposed under the project called "Polish Deal" connected with the topic of transfer pricing. These changes pertain to a number of acts, i.e.…
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.…
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…
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…
Key changes in transfer pricing
Below we present the most important changes proposed under the project called "Polish Deal" connected with the topic of transfer pricing.
Alternative minimum corporate income tax and changes regarding limiting costs
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…
Tax abolition – introduction of a temporary income tax solution
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.…
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…
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…
Restrictions on artificial expenses in the form of hidden dividends
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…
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…
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…
Relief for taxpayers supporting sports, cultural activities, higher education and
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…
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…
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…
