This is a page for the tag Personal Income Tax (PIT)
Portugal’s ‘Tax Calendar’ for December 2017
Conceito our Portuguese amavat® Partner Firm has put together an English document with generic* information regarding Portugal’s ‘Tax Calendar’ for December 2017. (also available in Portuguese below) Click here for English version | Click here for Portuguese version *might not be applicable to your organisation amavat® provides a one-stop-shop solution... Read More →
Corporate, Income & Sales Tax in Poland are subject to new tax changes
Corporate / Income Tax The regulation related to the obligations of the tax deductible expenses which are unpaid, shall be stopped; Depreciation tax shield in connection with the acquisition of new technologies has been removed (previously, an additional deduction of 50% related to the acquisition of new technologies was possible);... Read More →
Commercial mediation in Poland: new quality in business from 1 January 2016
Solutions provided in the Act on Supporting Alternative Dispute Resolution. As of 1 January 2016 an act came into force on support for alternative methods of dispute resolution, drawn up by the Ministry of Economy in cooperation with the Ministry of Justice.
The responsibility to adjust tax-deductible costs associated with unpaid invoices are to cease
The Act amending the Tax Act of 5 August 2015 and some other acts repeals Article 15b CIT Act and Article 24d PIT Act with effect from 1 January 2016.
Amendments to the Act on Personal Income Tax (PIT): 70% tax on compensation
From 1st January, 2016, certain type’s severance pay and compensation connected to non-complete clauses will be subject to tax. Amendments to the Act on Personal Income Tax (PIT): 70% tax on compensation Tax will be subject to, amongst others, compensation awarded on the basis of regulations concerning non-complete clauses will... Read More →
The purchase of Christmas gifts for employees could be a social benefit
The social benefits for employees on the occasions of Christmas and Easter can either be funded by the Company Social Benefit Fund (ZFŚS) or from the company’s current assets. The tax consequences of such actions, both for the employer and the employees that receive such benefits, will depend on which... Read More →
Most important tax changes effective 1st January, 2015
Private use of company cars from January 2015 From the start of 2015 the private use of a company car up to and including an engine size of 1,600cc (cylinder capacity) will be taxed on the basis of a assumed cash benefit of 250.00 PLN. The tax rate will be... Read More →
The government signed the new tax regulation on IT-based collection of tax information
Companies who submit Corporate Income Tax (CIT) and Personal Income Tax (PIT) will be obliged to submit returns on income (revenue) of natural persons and taxpayers of corporate income tax via electronic communication means. That emerges from an amendment of personal income tax law and other regulations that where accepted... Read More →
The payment of tax liabilities and social insurance contributions
One of the most important obligation of an employer is the payment of tax liabilities and social insurance contributions. The employers have to ensure that the liabilities to the authorities will be paid timely and in the correct amount. In these cases the authorities have no disclosure obligations. Certainly they... Read More →
Limiting the potential for tax avoidance
On the 26th June parliament voted for an amendment to the regulation of taxation for foreign subsidiaries of Polish natural and legal people, which serves the purpose of limiting the potential for tax avoidance. These foreign subsidiaries must pay 19% income tax to the Polish Treasury, if the mother enterprise... Read More →
