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This is a page for the tag Corporate Income Tax (CIT)
Tax limits in Poland in 2021
In 2021, current income limits concerning inter alia status of small-business enterprises: Small-business enterprises (mały podatnik) for PIT / CIT: 9,031,000.00 PLN. Small-business enterprises (mały podatnik) for VAT: 5,418,000.00 PLN. Income limit that entitles lump-sum of taxation of recognised income will increase in 2021 to 2,000,000.00 EUR, which corresponds to...
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Transfer pricing in Poland – Documentation thresholds 2021
The taxpayer is required to prepare local transfer pricing documentation for a controlled transaction of a homogeneous nature whose value, less value added tax, exceeds the following documentation thresholds in the financial year: 10,000,000.00 PLN – in the case of a commodity transaction, 10,000,000.00 PLN – in the case of...
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Two types of information on transfer pricing
According to Polish law, under certain circumstances, two types of information on transfer pricing are required to be submitted independently of each other: Information on transfer pricing submitted to the Head of the National Revenue Administration; Statement on preparation of local transfer pricing documentation. Information on transfer pricing The entities...
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Important tax changes: Corporate Income Tax
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...
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“Anti-Crisis Shield 4.0” – support for Polish companies
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...
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“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...
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Polish taxpayers 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...
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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...
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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....
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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...
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