This is a page for the tag Corporate Income Tax (CIT)
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... Read More →
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... Read More →
“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... 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 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... 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 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 →
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 →
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 →
