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This is a page for the tag Corporation Taxes
Exemption from income tax on profits of general and limited partnerships
On December 15, 2021, the Polish Minister of Finance issued a general interpretation No. DD5.8203.2.2021, in which he confirmed that the exemption from income tax on certain income from participation in the profits of legal persons (e.g. dividends, income from investment funds, the equivalent of the profit of a legal...
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Controlled Foreign Corporations (CFC) – more entities
Tax changes implemented as of January 1, 2022 expanded the catalog of entities qualifying as Controlled Foreign Corporations (CFC), thereby requiring more entities to apply tax rules specific to those entities. The most significant of these changes include: the addition of two new specific entity qualification categories, extension of the...
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Should the recapitalization of a company be reported as a tax scheme?
Doing business in a constantly changing market requires a high degree of flexibility and the ability to react quickly and adequately to emerging difficulties, but also to spot opportunities for development. Regardless of the size of the company – such flexibility often requires adequate financial security. Both when it comes...
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Tax payment by a third party – is it allowed?
Does a taxpayer have to pay his taxes personally? Can the payment of funds to the tax office account be made by a third party? Despite the unambiguous verdict of the Polish Supreme Administrative Court (NSA), these issues are still controversial. According to the current regulations, each taxpayer is personally...
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Thin capitalization – regulations are still unclear
How to correctly settle the costs of debt financing? Unfortunately, there is still no clear answer to this question. The current regulations in this regard are unclear and the interpretations of administrative bodies – contradictory. In 2018, Article 15c was introduced in the CIT Act to limit excessive debt financing....
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Can employee meals be a tax deductible costs?
Providing employees with free meals has been one of the most popular employee benefits in recent years. Most often companies offer their employees breakfast, lunch or fruits, but other meals are also popular in the offers of entrepreneurs. Can the purchase of food products for employees and contractors be a...
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When can a general partner deduct limited partnership tax (CIT) from PIT?
From 1 January 2021 Polish limited partnerships are obliged to settle CIT. For owners of such companies it means double settlement of income tax: first they will pay CIT of the company, and then PIT on settling their own income. Despite the fact that for general partners the legislator provided...
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Changes in excise duty
As of 1 February 2021, the following changes to the Excise Duty Act are in force: Change in registration for excise purposes Under the new rules, excise tax payers are required to register or to make an update in the Central Register of Excise Entities (CRPA) via the new version...
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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...
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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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