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This is a page for the tag Tax Law
Car in the company – Tax aspects
A. Rented car – tax aspects It is necessary for rented cars to have a logbook. Based on the logbook data the monthly deduction allowance for corporate income tax purposes will be calculated (number of business mileage rate multiplied per kilometre). The tax-deductible costs for rented cars can be claimed...
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The choice of a tax method for carrying foreign exchange differences
Corporate Income Tax (CIT) payers and Personal Income Tax (PIT) payers presenting accounts can choose a method of carrying foreign exchange differences referred to in Articles. 9b Paragraph. 1 Point 2 of the Law on CIT and Art. 14b. 2 of the PIT. The adoption of this method is possible...
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Granting employee discounts on the company’s products
Based on numerous positive individual tax rulings, it is possible to claim that, under certain conditions, granting employee discounts on the company’s products does not constitute taxable income. What do the rulings concern? According to the tax authorities, as reflected in the tax rulings, in case a discount is granted...
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Cash pooling may be subject to thin capitalisation restrictions
Until recently, the prevailing approach of the Polish tax authorities, expressed in numerous individual tax rulings, was that interest paid within a cash pooling structure should not be subject to thin capitalisation restrictions. So far, the tax authorities were confirming taxpayers’ standpoint that cash pooling agreement should not be treated...
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Changes in the taxation of limited partnerships from 2014 apply only to limited by shares
At the meeting of the Technical Committee of the Polish parliament control systems on 09 October, 2013, the draft law amending the law on income tax has been verified (PIT) and corporate income tax (CIT). The original bill proposed that Polish limited partnership and limited partnerships are to be affected...
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Tax changes from 01 January 2014
From 01 January, 2014 will have long heralded a revolution in the Polish regulations regarding VAT. Changes from that day, coming into force will have a major impact on the way accounting for VAT in Poland. They may make it necessary to modify the current procedures of tax, and adjustment...
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Changes in the taxation of limited partnerships and partnerships limited by shares in Poland
At the meeting of the council of ministers on August 6, 2013, the Polish government has amended the bill on laws of income tax (PIT) and corporate income tax (CIT) is assumed. The draft stipulates that Polish limited partnership (KG) and limited partnerships are to be applied by shares (KGaA)...
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The provisions referring to bad debt allowances
The provisions referring to bad debt allowances give the possibility to correct the tax basis, and thus in fact the recovery of output VAT paid on invoices left unpaid by the customers. The issuer of the invoice can correct the tax base and the tax due on the supply of...
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US, Poland Sign Revised DTA
by Mike Godfrey, Tax-News.com, Washington 14 February 2013 On February 13, 2013, in a ceremony held at the Polish Ministry of Finance in Warsaw, the United States Ambassador, Stephen Mull, and Poland’s Deputy Finance Minister, Maciej Grabowski, signed a revised double taxation agreement (DTA) between their two countries. The new...
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Taxes in Poland 2013
For our dear Customers as well as for companies looking for a partner in the scope of accounting, our marketing department has created a tax brochure which briefly presents the most significant tax issues relevant for particular forms of business activity in Poland, as well as the changes that occurred...
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