Publications

Corporate Income Tax Obligations Regulations Tax advisory Taxes Transfer pricing

Upcoming CBC-P Reporting Deadline: Increased Information Obligations

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…

Business Law Regulations Taxes

Introduction of the Equalization Tax Act

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…

Regulations Taxes Value Added Tax

Key Judgment of the CJEU on Permanent Establishment for VAT Purposes

On June 13, 2024, the Court of Justice of the European Union (CJEU) issued its judgment in case C-533/22, addressing important issues related to VAT taxation in the context of international service transactions. The ruling clarifies the conditions under which a business can be considered to have a permanent establishment in another EU member state,…

Business law Obligations Regulations

Whistleblower Protection Act – Employers, Are You Ready for New Obligations?

The Whistleblower Protection Act is the result of the implementation of the EU directive 2019/1397 into Polish law. Once again, the Polish legislator failed to implement the regulations on time, which led to a penalty of over 7 million euros imposed on Poland. Two months after the penalty was imposed, the law was published in…

Law Obligations Regulations Tax advisory

Property Tax Changes – No Revolution, But as Usual

Property tax has always been a tricky area for taxpayers. Ambiguous regulations and imprecise definitions, such as those for buildings and structures, often make it difficult for taxpayers to accurately determine what exactly is subject to taxation. This can result in costly penalties, and disputes with tax authorities often end up in court. Draft Changes…

Obligations Regulations Tax advisory Taxes

Reporting of Transactions by Individuals in the Online Marketplace

On July 1, 2024, a new law came into effect amending the Act on the Exchange of Tax Information with Other Countries and some other related laws. The changes impose an obligation on operators of digital platforms, such as Allegro, Vinted, and OLX, to report information about sellers who conduct sales through these platforms to…

National e-Invoicing System Obligations Regulations Taxes

KSeF – The Introduction Date Is Known, But the Ministry of Finance Announces Further Changes

The bill delaying the mandatory implementation of the National e-Invoice System (KSeF) from July 1, 2024, to February 1, 2026, was passed by the Senate without amendments at the end of May and signed by the President and published in the Journal of Laws at the beginning of June. As a result of the delay…

Law Regulations Taxes

How to Reduce Taxes with Hypothetical Interest? What Are Hypothetical Interest?

When a company finances its operations using external sources (e.g., a loan or credit), the interest paid on these sources can generally be deducted as business expenses. However, if a company decides to use its own profits or capital contributions for this purpose, it can calculate so-called hypothetical interest, which can ultimately help reduce its…

Regulations Taxes Value Added Tax

Will the Cash Accounting Method Become the Primary Method for VAT Settlement? Draft Bill.

Such a change is proposed in the draft amendment to the Value Added Tax (VAT) Act, submitted on March 19, 2024, to the Polish Parliament. Currently, the basic method for VAT settlement is the so-called accrual method, under which the VAT liability arises at the moment of goods delivery or service provision. An exception to…

Accounting Business Financial statement Regulations

New Obligation in the Accounting Act

On March 20, 2024, the Polish Parliament (Sejm) adopted an amendment to the Accounting Act, which implements Directive 2021/2101 of November 24, 2021. The provisions of the directive are part of a European Commission package aimed at combating tax avoidance by multinational enterprises. It is estimated that as a result of such practices, the EU…