It is a well-established belief in business practice that cash loans are subject to VAT. Many people assume that if a transaction is subject to VAT, it is automatically not subject to the tax on civil-law transactions (PCC). However, is this always the case? Not necessarily – the key issue here is whether the transaction…
Upcoming CBC-P Reporting Deadline: Increased Information Obligations The CBC-P notification must be submitted to the Head of the National Revenue Administration (Szef KAS) within three months of the end of the financial year. For entities whose financial year aligns with the calendar year, the deadline is March 31, 2025. The obligation to submit the CBC-P…
Introduction of the Equalization Tax Act As of early 2025, the Act of November 6, 2024, on the Equalization Tax for Constituent Entities of International and Domestic Groups (hereinafter: “Equalization Tax Act”) has come into force. This legislation is a response to Council Directive (EU) 2022/2523 on the global minimum tax. The primary objective of…
