Extension of the deadline for filing the CIT-8 corporate income tax return and for the payment of corporate income tax
In connection with the signing by the Polish Minister of Finance of the Decree of 27th March, 2020 extending the deadline for filing the declaration of the amount of income earned (or losses incurred, if any) and payment of the resulting corporate income tax of legal entities (Appendix Dz. U.... Read More →
New Tax relief – IP Box in Poland
From January 1, 2019, onwards the IP BOX (Intellectual Property Box) relief is in force in the Polish tax system, available for selected taxpayers allowing them the application of a preferential 5% rate in the PIT and CIT income tax regimes, instead of the standard rate for incomes classified as... Read More →
The tightening of the rules on documentation of intra-Community supplies of goods
The revision of EU legislation (Council implementing regulation 2018/1912) will bring about some fairly significant changes in the settlement of cross-border transactions from 1st January 2020. One of them is a tightening of the rules on how companies document their intra-Community supplies of goods and apply a 0% rate to... Read More →
Tax Focus 2020 | Important change in tax payments: Individual Tax Account
From the beginning of 2020, every company will have one individual tax account (the so-called ‘tax micro account’) which will pay your PIT, CIT and VAT liabilities. So instead of previously making payments to three accounts, you will only have to make one payment to your individual tax micro account.... Read More →
Changes in the Act of Waste
We would like to remind you that almost every entrepreneur is obliged to make an entry and download a registration number in the Waste Database (BDO). The lack of a proper entry in this register or the lack of a BDO number on invoices of an entrepreneur may result in... Read More →
Obligation to complete the data in the Central Register of Real Beneficiaries
Updated: 10-07-2020 Dear Sir/Madam, On 13 October 2019, the Central Register of Beneficial Owners began to operate. It is an IT system maintained by the minister competent for public finance, used to process information about beneficial owners beneficiaries, i.e. natural persons exercising control over Polish commercial companies. Below we present... Read More →
Method of settling accounts between a shareholder and a limited liability company
Important interpretation of the rules Entrepreneurs are obliged to make or accept company payments through their own bank accounts, when the one-time transaction value exceeds PLN 15,000.00. Failure to comply with this obligation removes the possibility for this payment to be taxable deductible for this transaction, which was made without... Read More →
Tax Focus 2019 | Zero PIT – Tax relief for people under the age of 26
From the 1st August, 2019 an exemption from taxation of salaries of people under the age of 26 years of age was introduced. The rules of using zero PIT for young people are advantageous for those employed under a contract of employment, induction work and commission. Not all salaries and... Read More →
Legal Focus 2019 | Ultimate Beneficial Owners of Polish Companies
The Central Register of Beneficial Owners in the New Law on Counteracting Money Laundering and Terrorist Financing Dear ladies and gentlemen, We would like to draw your attention to a recent Act that will come into effect in September 2019. The legal advisors of sdzlegal Schindhelm, in co-operation with getsix®,... Read More →
Postponement of the ruling on certain Withholding Tax (WHT) provisions until 1st January, 2020
Dear ladies and gentlemen, We recently advised you regarding the implementation date for Withholding Tax (WHT). By virtue of the Regulation of 27th June, 2019, the Minister of Finance postponed the application of some of the amended provisions regulating WHT collection by CIT taxpayers. The ruling of the new regulations... Read More →
