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This is a page for the tag Corporate Income Tax (CIT)
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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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....
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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...
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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...
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Tax Information | Poland – 10 facts
A brief summary of the most important information for any business or individuals who plan to invest in Poland. Corporate Income Tax (CIT) CIT is levied at a rate of 19% (standard rate) or 15% (reduced rate for small taxpayers and new companies in the first year of business activity)....
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Planned changes to Polish business taxation for 2019
Be aware of possible legislative changes, getsix® have prepared for you a list of proposed changes in Polish business taxation for 2019. The Polish Ministry of Finance has announced key changes to be proposed under 2019 tax reform. These proposed regulations create on one hand preferences for some business areas,...
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Portugal’s February Tax Calendar
Conceito our Portuguese amavat® Partner Firm has put together an English document with generic* information regarding Portugal’s ‘Tax Calendar’ for February 2018. Click here for English version Click here for Portuguese version *might not be applicable to your organisation amavat® provides a one-stop-shop solution for VAT Compliance within Europe. We...
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The most significant changes to Polish CIT for 2018
Capital income and its separation from other income of the taxpayer From the 1st January, 2018 within the ‘Corporate Income Tax Act’, taxpayers will be obliged to detach the operating income from the capital income. Subsequently, loss from one source will not decrease income from the other source. The provision...
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Portugal – Budget Bill 2018
Conceito our Portuguese amavat® Partner Firm has supplied a document rergarding the ‘Budget Bill 2018’. Click here to view. amavat® provides a one-stop-shop solution for VAT Compliance within Europe. We assist clients with a single point of contact that speaks their language and handles all VAT related issues with a...
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Portugal – Flash Tax Information
Conceito our Portuguese amavat® Partner Firm has supplied a ‘Country-by-Country Report (identification of the reporting entity): Ministerial Order No. 367/2017, of 11th December – Approves the Model 54 and its filing instructions. Click here or below for English or Portuguese version: amavat® provides a one-stop-shop solution for VAT Compliance within...
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