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This is a page for the tag Corporate Income Tax (CIT)
New regulations on shareholders debt financing
First reading of a governmental bill to amend Corporate Income Tax law passed the Polish parliament on the 7th May, 2014. One of the most relevant amendments affects shareholders debt financing with a new approach to restrict deductibility of interests. So far it is clear that the new law will...
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Business Taxation in Poland (CIT)
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Date22 Mar 2014
New income limits regarding, among others, the status of a small taxpayers
As of 01 January, 2014 new higher income limits regarding, among others, the status of a small taxpayers, which are not obliged to keeping the accounting ledgers. The status of a small taxpayer (PIT, CIT and VAT) shall be kept by companies whose income value from the sale achieved in...
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The choice of a tax method for carrying foreign exchange differences
Corporate Income Tax (CIT) payers and Personal Income Tax (PIT) payers presenting accounts can choose a method of carrying foreign exchange differences referred to in Articles. 9b Paragraph. 1 Point 2 of the Law on CIT and Art. 14b. 2 of the PIT. The adoption of this method is possible...
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Cash pooling may be subject to thin capitalisation restrictions
Until recently, the prevailing approach of the Polish tax authorities, expressed in numerous individual tax rulings, was that interest paid within a cash pooling structure should not be subject to thin capitalisation restrictions. So far, the tax authorities were confirming taxpayers’ standpoint that cash pooling agreement should not be treated...
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Changes in the taxation of limited partnerships from 2014 apply only to limited by shares
At the meeting of the Technical Committee of the Polish parliament control systems on 09 October, 2013, the draft law amending the law on income tax has been verified (PIT) and corporate income tax (CIT). The original bill proposed that Polish limited partnership and limited partnerships are to be affected...
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Changes in the taxation of limited partnerships and partnerships limited by shares in Poland
At the meeting of the council of ministers on August 6, 2013, the Polish government has amended the bill on laws of income tax (PIT) and corporate income tax (CIT) is assumed. The draft stipulates that Polish limited partnership (KG) and limited partnerships are to be applied by shares (KGaA)...
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Corporate income tax (CIT) in Poland
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Date09 Sep 2013
Corporate Income Tax (CIT) Corporate Income Tax includes a number of issues that are most frequently faced by every accounting department. Tax deductible costs, tax point, foreign exchange differences and free of charge benefits (gratuitous performance) are among the issues that we have analysed a number of times in our...
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