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Response to MP’s interpellation concerning the obligation to prepare group documentation.

 On 27 July 2021, the Ministry of Finance responded to an MP’s interpellation no. 23727 concerning transfer-pricing regulations (case no. DCT3. 054. 1. 2021).  The questions asked concerned the obligation to draw up group documentation (so-called ‘Master File’).
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The Polish Deal and changes to VAT regulations

On 26 July 2021, the Governmental Legislation Centre published a bill amending the act on personal income tax, the act on corporate income tax and certain other acts, or the so-called “Polish Deal”. In the draft, the Ministry of Finance proposes multiple changes to income taxes and VAT.
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Review of Polish Deal in Personal Income Tax

The Polish Deal proposed by an act published on July 26, 2021 on the website of the Government Legislation Centre assumes significant changes to the Personal Income Tax Act. The main proposals included in the draft concern the tax scale, tax-free allowance, the basis for health insurance contributions, implementation of the so-called ‘return relief’ or transitional income tax, as well as greater transparency in terms of the jurisdiction of the tax offices for taxpayers changing their domicile.
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Is acquisition of real estate fiscally neutral?

Given the current inflation rate and the Monetary Policy Council keeping interest rates at a low level, the prices of real estate have risen considerably. Virtually all players engaged in the economic life:  be it individuals seeking to satisfy their housing needs, businesses trading in real estate or investors taking away their capital from financial institutions seeking to protect it against the adverse effects of inflation, are bound to encounter the fiscal aspects involved in each stage of real estate possession process: its acquisition, use and ultimately sale.
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