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WHT relief for holding companies: How and when can they be applied?
Preferential rules for taxing dividends and other income of holding companies in Poland and in the European Union are intended to support holding activities and avoid double taxation. In practice however, it is becoming increasingly difficult to benefit from WHT relief for holding companies in Poland. Why and when can...
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Amendment to the Act on the National Revenue Administration and Certain Other Acts
On March 12th, 2024, the Council of Ministers adopted a draft amendment to the Act on the National Revenue Administration and other acts, presented by the Minister of Finance. The new regulations introduce significant changes aimed at aligning Polish law with EU regulations and strengthening control over the flow of...
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ESG reporting obligations getting closer – new challenges for companies
Today, sustainability and corporate responsibility are becoming increasingly important, and companies must look beyond traditional measures of success such as profit. More and more attention is being paid on the impact that companies have on the environment, society, and corporate governance – ESG (Environmental, Social, and Governance). In December 2022,...
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DHL opens new international logistics centre in Poznan
DHL has officially opened a new international logistics center in Robakowo near Poznan. It is the result of a joint venture between DHL eCommerce, Post + Parcel Germany and DHL Freight. According to DHL, the new facility will be able to handle up to one million shipments per day. The...
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New regulation regarding employee participation in a newly established company
As of September 15, 2023, new regulations have come into effect, determining forms of employee participation in a company created as a result of cross-border transformations, mergers, or divisions of companies. This affects the Act of May 26, 2023, on employee participation in a company created as a result of...
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Amendment to the Code of Commercial Companies
On August 22, 2023, the President signed the Act of August 16, 2023, amending the Commercial Companies Code and certain other acts. The Act came into force on September 15, 2023, introducing numerous important changes related to the reorganization of companies, both domestically and internationally. The changes implemented in the...
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Foreign controlled entities (CFCs) – tax on pass-through income
Pass-through income is defined as a specific type of tax-deductible expenses incurred by a taxpayer to a non-resident related party during the tax year. Taxes on pass-through income at a rate of 19% on the taxable base must be paid by taxpayers provided several conditions are met. I. The taxpayer...
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Estonian CIT – current legal status 2023
Estonian CIT is referred in the law as a lump sum on income of capital companies. It is a modern way of taxation that promotes investments and minimizes formalities when settling taxes for capital companies and partnerships. This solution is addressed to: micro, small and medium-sized capital companies and partnerships...
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Obligation for a company to file a CbC-P notification or CbC-R report
Country-by-Country report (CBC-R) is a reporting mechanism set out in the Act of 9 March 2017 on the exchange of tax information with other countries. Entities belonging to large multinational groups are obliged to report tax information related to that capital group to the National Tax Administration. In order to...
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Nuclear power plants in Poland
4 gigawatts for 20 billion dollars According to Anna Moskwa, Minister of Climate and Environment, these are the key figures for Poland’s first nuclear power plant. The Polish government has now decided that it will be built using technology from the US power plant supplier Westinghouse. The planned site is...
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