This is a page for the tag Tax Law
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.
Re-invoicing for the costs of utilities
In business, it is common practice for a firm to pass on the costs, it has incurred (on its own behalf) to another firm that makes use of a specific service in practice. This situation, commonly mentioned to as re-invoicing, can be applied in cases where the parties have another... Read More →
Determining the taxpayer’s property tax in relation to structures erected on wind farms
If a property, which is erected with the buildings for wind turbines (the foundations, masts, street and square paving, outer wall, fencing, pipelines), is owned by farmers, and this land was leased for 25 years by the wind farms developers, the parties that pay tax on the land are the... Read More →
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 tax authorities have the right to demand money from taxpayer’s business partners
For the repayment of tax liabilities owed by companies, tax authorities have the right to demand money from taxpayer’s business partners who have liabilities due to deliveries, works and services. This allows Article 89 of the code on administrative enforcement proceedings. In such cases additional obligations are imposed on taxpayer’s... Read More →
The failure of the tax avoidance regulations
Embarrassing government mistakes in legislation, after new regulations on tax avoidance law were passed and signed by Parliament and the President on 17th September, 2014. The Government Legislation Centre had two weeks to publish this law, to enable the new legislation to come into effect next year, but the publication... Read More →
Change to the regulation for a Controlled Foreign Company (CFC)
On the 9th August, 2014, Sejm (lower chamber of the Polish Parliament) has approved the amendments from the Senate, to the draft bill amending the Corporate Income Tax Act, Personal Income Tax Act and other Acts, and thereby introduced new rules on CFC’s. These changes were largely to confirm and... 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 →
