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The repayment of a loan for real estate being sold and the ‘own housing purposes’ exemption

The sale of real estate within 5 years from the end of the calendar year in which it was purchased is subject to 19% income tax. Nevertheless, a tax exemption (the so-called ‘housing tax relief’) can be claimed if the proceeds are used for the seller’s own residential purposes within 3 years from the end of the year when the sale was effected.
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Tax deductible costs in relation to a management board member’s life insurance


On February 4, 2022 the Head of the National Revenue Information Service (hereinafter: the KIS Head) issued a private tax ruling, ref. no. 0111-KDIB2-1.4010.330.2021.2.BJ, concerning inclusion of life insurance premiums of a member of a company's management board as tax deductible costs.

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Extension of deadlines for transfer pricing documentation obligations for 2021

On April 8, 2022, a governmental bill was introduced to the Sejm amending certain acts in order to automatise the processing of cases by the National Revenue Administration. According to the bill, the deadline for the submission of a transfer pricing report (TPR) and a statement on preparation of local transfer-pricing documentation will be extended: until September 30, 2022 – where that deadline expires between January 31, 2022 and June 30, 2022; by 3 months – where that deadline expires between July 1, 2022 and December 31, 2022.
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