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This is a page for the tag Corporate Income Tax (CIT)
Important tax changes related to counteracting the negative effects of COVID-19 pandemic
In order to counteract the negative effects of COVID-19 pandemic, significant tax changes regarding the settlement of personal income tax (PIT) and corporate income tax (CIT) have been introduced. Changes concerning personal income tax (PIT) The raised income tax exemption limits will remain in force until the end of the... Read More →
Changes in the jurisdiction of tax authorities from 1 January 2021
On 1 January 2021, amendments to the regulations in accordance with the decrees of the Minister of Finance, Development Funds and Regional Policy of 28 December 2020 came into force. (Polish Journal of Laws of 2020, item 2456). Thus, the scope jurisdiction of the tax authorities in relation to taxpayers... Read More →
Important tax changes, including: Corporate Income Tax (CIT) for limited partnerships, introduction of the so-called Estonian CIT – from 1st January 2021
The Polish President has signed two amendments to income tax laws adopted by the Sejm, which provide, amongst others, for the CIT treatment of limited partnerships and introduction of the so-called Estonian CIT. The amendments will enter into force on 1st January 2021. Important: The new taxation laws for limited... Read More →
“Anti-Crisis Shield 4.0” – support for Polish entrepreneurs
We regularly inform you about successive governmental bills referred to as “anti-crisis shields”. On 31st March 2020 this year the Anti-crisis shield 1.0. was adopted and entered into force on the very same day. On 18th April 2020 the Anti-crisis shield 2.0. entered into force. On 16th May 2020 the... Read More →
“Anti-Crisis Shield 3.0” – support for Polish entrepreneurs
We regularly inform you about successive governmental bills referred to as “Anti-Crisis Shields”. On 31st March this year the Anti-Crisis Shield 1.0 was adopted and entered into force on the very same day. On 18th April the Anti-Crisis Shield 2.0 entered into force. On 28-29th April 2020 further drafts were... Read More →
Polish entrepreneurs have the possibility to deduct donations made to combat COVID-19 from their tax base
We would like to draw your attention to the fact that according to the (new Polish) ‘Anti-Crisis’ Act in order to calculate CIT/PIT income tax or tax advance payments, taxpayers have the possibility to deduct from their tax base donations made from January to September 2020 to combat COVID-19. A... Read More →
Anti-crisis shield 2.0 – support for Polish entrepreneurs
Update: 21.04.2020 The package of laws under the anti-crisis shield have come into force. On 31st March 2020, the Journal of Laws published and thus entered into force a package of laws under the so-called ‘Anti-Crisis Shield’. On the 16th April 2020 a new law was already passed called ’Anti-Crisis... Read More →
Extension of the deadline for filing the CIT-8 corporate income tax return and for the deferral 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 →
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 →
Payment by the parent company of the liabilities of its subsidiary cannot be regarded as a tax deductible cost
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 →
