Polish Deal – Changes in Polish Personal Income Tax (PIT)
On November 15, 2021 the President signed into law the Act of 29 October 2021 amending the Personal Income Tax Act, the Corporate Income Tax Act and certain other acts (Polish Journal of Laws 2021, item 2105), which is part of the program known as the “Polish Deal” and introduces... Read More →
Polish Deal – Changes in Polish Corporate Income Tax (CIT)
On November 15, 2021 the President signed into law the Act of 29 October 2021 amending the Personal Income Tax Act, the Corporate Income Tax Act and certain other acts (Polish Journal of Laws 2021, item 2105), which is part of the program known as the “Polish Deal” and introduces... Read More →
Three-step roadmap to reroute your business strategy towards sustainability and de-carbonisation
Following the recent United Nations Climate Change Conference (COP26), we encourage you to have a look at the 2021 Sustainability Report prepared by HLB International. From the obvious physical effects of climate change such as extreme weather conditions and resource scarcity, to regulatory changes and compliance, and increased demand for... Read More →
From 01.2022, new TAX FREE regulations
Numerous amendments to the VAT Act passed in July did not omit the TAX FREE system. The amended regulations will come into force as soon as January 1, 2022. Therefore, entrepreneurs who have not yet adjusted to the new regulations have little time left to implement the necessary changes in... Read More →
Tax payment by a third party – is it allowed?
Does a taxpayer have to pay his taxes personally? Can the payment of funds to the tax office account be made by a third party? Despite the unambiguous verdict of the Polish Supreme Administrative Court (NSA), these issues are still controversial. According to the current regulations, each taxpayer is personally... Read More →
Thin capitalization – regulations are still unclear
How to correctly settle the costs of debt financing? Unfortunately, there is still no clear answer to this question. The current regulations in this regard are unclear and the interpretations of administrative bodies – contradictory. In 2018, Article 15c was introduced in the CIT Act to limit excessive debt financing.... Read More →
EU funds for 2021-2027
EUR 76 bln from EU funds for Poland in 2021-2027 In the years 2021-2027, Poland will receive EUR 76 bln from the European Union budget – EUR 72.2 bln from cohesion policy and EUR 3.8 bln from the Equitable Transition Fund. These funds will be used for investments in the... Read More →
e-Delivery to come into force on October 5, 2021
Originally, the Electronic Delivery Act (e-Delivery) was scheduled to come into force on July 1, 2021, but due to organizational difficulties resulting from COVID-19 pandemic constraints, it was decided to change this date. The law, as amended, goes into effect on October 5, 2021. However, this date does not create... Read More →
National e-Invoice System – Test form from October
At the beginning of September, the Polish Parliament received a draft amendment to the VAT Act (Paper no. 1547 [PL]) concerning the introduction of the National System of e-Invoices (KSeF) as of 1 January 2022. However, according to information published by the Ministry of Finance, the system will be available... Read More →
Settlement of a contract of mandate or contract for specific work in the net income method
How can I document in the net income method (Polish short form used hereafter “PKPiR”) the costs incurred for the settlement of a contract of mandate or contract for specific work and payment of remuneration to the contractor or subcontractor? Is an electronic receipt sufficient or do we need additional... Read More →
