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OECD/G20: new documents on Pillar One and Pillar Two of the international tax law reform
In recent years, international tax law reform, led under the auspices of the OECD and G20, has gained prominence as a key element of global efforts towards tax fairness. This reform, known as the “Inclusive Framework on BEPS” (Base Erosion and Profit Shifting), is based on two main pillars: Pillar...
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Expansion relief and its importance for e-commerce
In recent months, expansion relief has become one of the most discussed topics, particularly in the context of e-commerce. It is a support measure introduced by governments to stimulate the growth of online businesses through tax benefits and financial incentives. In this article, we will take a closer look at...
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Increased penalties for tax crimes and offences from July 1, 2024
As a reminder, from 1 July 2024, taxpayers who commit tax crimes or offences will face higher penalties. This change is due to the increase in the minimum wage, which is now set at 4,300 PLN. Increase in penalties and new minimum wage The increase in the minimum wage from...
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Pay & Refund in Poland – a complicated withholding tax (WHT) refund procedure
The Pay and Refund mechanism, i.e. refund of withholding tax, is a complicated process that not everyone can easily use. It primarily requires a lot of time, proper preparation and analysis of documentation, and strict adherence to deadlines. We remind you what the Pay and Refund mechanism is, how to...
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Coverage of losses from the statutory fund of a foundation and tax exemption
Recently, the Supreme Administrative Court of Poland (Polish: Naczelny Sąd Administracyjny, NSA) issued an important ruling regarding the issue of overpayment of corporate income tax by foundations with the status of a public benefit organization. This judgment, issued at the hearing on April 10, 2024, dismissed the cassation appeal filed...
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Minimum tax – can also be paid by entities reporting a loss
As of January 1, 2024, regulations on the minimum corporate income tax have come into force. The purpose of the minimum tax is to tax entities that do not generate income or achieve it at a minimum level without a justified reason. However, entities reporting a loss must also pay...
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Directive DAC7 – obligations from 1 July 2024
We would like to remind you that as of 1 July 2024, the provisions of European Union Directive No. 2021/1194 of 7 July 2021 (hereinafter “DAC7”) have come into force in Poland. These impose new reporting obligations on operators of digital platforms through which goods and services are offered. On...
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Accommodation costs of posted employees in the EU do not constitute income
In recent years, the issue of taxation of accommodation costs for employees posted by employers to other EU member states has gained importance. In this context, the judgments of the Supreme Administrative Court (NSA) are crucial, as they clarify that such costs do not constitute income for the employee. The...
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Amendment to the Accounting Act signed by the President
On April 16, 2024, the President signed an amendment to the Accounting Act, which requires large companies to break down information on income tax paid and other data by country. The amendment aims to align Polish regulations with the EU Directive 2021/2101 of the European Parliament and the Council of...
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Current VAT rates in Poland in 2024
The year 2024 brings several significant changes to the value added tax (VAT) system in Poland, which can significantly affect entrepreneurs. Understanding the current rates and their application across various industries is crucial not only for compliance but also for optimizing business costs. This article discusses both the applicable VAT...
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