Capital income and its separation from other income of the taxpayer From the 1st January, 2018 within the ‘Corporate Income Tax Act’, taxpayers will be obliged to detach the operating income from the capital income. Subsequently, loss from one source will not decrease income from the other source. The provision... Read More →
The legislature has expanded the information requirements for the purchase of real estate by foreigners. Notaries are now obliged to submit to the Ministry of Interior, Warsaw. Also, notarised contracts for the sale of shares, shareholder shares or rights and obligations on the basis of which foreigners become owners or... Read More →
Companies which suspend or interrupt their business activities for a period of at least 6 months may be expected to be removed from the register of taxpayers subject to VAT.
The real estate tax rates for the year 2017 have remained virtually unchanged, compared to the tax provisions of 2016. The upper limit, at the discretion of the respective municipality or town, whether or not they are exhausted, are as follows for this year:
On the 1st January, 2017, Poland’s President Andrzej Duda introduced legislation to make it easier for small farmers to self-market their products.
This year, vehicle owners will have to pay less for motor vehicle tax for commercial vehicles. The decline is particularly noticeable in heavy commercial vehicles.
The PiS government has introduced a new fiscal instrument to combat tax fraud, with the registration termination starting in 2017. The payment of a security deposit for the declaration of a company subject to VAT is due from those companies which are at risk of not fulfilling their tax obligations.... Read More →
From the beginning of 2017, the Corporate Income Tax (CIT) on companies which are classified as so-called small taxpayers was reduced from 19% to 15%.
According to estimates by taxpayers, the tax gap in VAT is the difference between taxable contributions and those that the treasury actually received. This difference has grown to at least 50 billion Złoty in 2015.
Initially, the national-conservative PiS Government wanted to introduce a special tax for trading already in March. Faced with massive criticism from retailers and the doubts expressed by the European Commission regarding the first draft, the Permanent Committee of the Council of Ministers now accepts the revised draft of the law... Read More →