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Determining the taxpayer’s property tax in relation to structures erected on wind farms
If a property, which is erected with the buildings for wind turbines (the foundations, masts, street and square paving, outer wall, fencing, pipelines), is owned by farmers, and this land was leased for 25 years by the wind farms developers, the parties that pay tax on the land are the...
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Amendments to the Act on Personal Income Tax (PIT): 70% tax on compensation
From 1st January, 2016, certain type’s severance pay and compensation connected to non-complete clauses will be subject to tax. Amendments to the Act on Personal Income Tax (PIT): 70% tax on compensation Tax will be subject to, amongst others, compensation awarded on the basis of regulations concerning non-complete clauses will...
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Polish Parliament has restricted the period of the conclusion of fixed-term contracts
Due to an adjustment to the Labour Code, the Polish Parliament has restricted the period of the conclusion of fixed-term contracts to 33 months. By restricting the common practice, particularly among Polish employers, to employ the same workers over the years without justifying the reason for repeating fixed-term contracts (chain...
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The purchase of Christmas gifts for employees could be a social benefit
The social benefits for employees on the occasions of Christmas and Easter can either be funded by the Company Social Benefit Fund (ZFŚS) or from the company’s current assets. The tax consequences of such actions, both for the employer and the employees that receive such benefits, will depend on which...
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New law on VAT is intended to replace completely the previous legislation
The lack of ability to obtain an advance ruling on individual tax rulings on sales VAT issues, meant for taxpayers they would be deprived of the only possible instrument to obtain a certain guarantee of the predictability of the controls in individual matters – claims Wojciech Pietrasiewicz, a tax adviser...
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Amazon sellers & VAT in Poland
Many clients of getsix® are foreign Amazon sellers from other European Union (EU) countries or from outside the EU. getsix® handles the VAT registration process for these Amazon dealers in Poland, as well as the further Polish VAT compliance. All correspondence is done in German or English language and mostly...
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Creation of a digital single market is one of the European Commission’s key priorities
It clearly follows from the communication “A Digital Single Market Strategy for Europe”, which was issued by the European Commission in May 2015 that the creation of a digital single market is currently one of the Commission’s key priorities. This goal shall be achieved, among others, by even greater harmonisation...
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New transfer pricing regulations come into force – Part 2
New transfer pricing regulations came into force on 01/01/2015. The new regulations will extend the scope of responsibilities related to documenting transactions with associated enterprises.
Changes to the social security system
The Act e.g. imposes from 1st January 2015, the obligation on members of supervisory boards to pay retirement and disability pension contributions. The pension contributions will be assessed on the revenue received by supervisory board members for performing their function and will be withheld and paid by the entity to...
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New regulations on transfer prices and transfer pricing – Part 1
The regulations on transfer prices and the transfer pricing documentation which were introduced on the 1st January 2015 are of great importance because.
