Tax Focus 2019 | Transfer Pricing Threshold
Local transfer pricing documentation is prepared for a controlled transaction of a uniform nature, the value of which, less value added tax, exceeds the following documentary thresholds in the financial year: PLN 10 million – in the case of a... Please Read More
New Minimum Wage Rates 2018: You Should Know
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Date05 Jan 2018
/With effect from 1st January, 2018 the minimum wage rates in Poland have been reorganised. Compared to the previous year, the minimum earnings have increased by 100 zlotys gross. A new minimum hourly rate will also apply in the new... Please Read More
Important Data Protection Act 2018 amendment – are you aware?
Dear Ladies and Gentlemen, We kindly request you to familiarise yourself with a very important change in the data protection legislation in Poland. On 28th May, 2018 expires the deadline for implementation of the data protection environment in a given... Please Read More
Property Tax in Poland 2017
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Date31 Jan 2017
/The real estate tax rates for the year 2017 have remained virtually unchanged, compared to the tax provisions of 2016. The upper limit, at the discretion of the respective municipality or town, whether or not they are exhausted, are as... Please Read More
Deletion from the Polish register after 6 months without any business activity
Companies which suspend or interrupt their business activities for a period of at least 6 months may be expected to be removed from the register of taxpayers subject to VAT. In this new year, the tax on sale tax will... Please Read More
Self-marketing for small farmers without VAT in Poland
On the 1st January, 2017, Poland’s President Andrzej Duda introduced legislation to make it easier for small farmers to self-market their products. This regulation stipulates that no sales tax on these products is levied on an annual income from the... Please Read More
Vehicle Tax 2017
This year, vehicle owners will have to pay less for motor vehicle tax for commercial vehicles. The decline is particularly noticeable in heavy commercial vehicles. The tax rates for commercial vehicles with an authorised total weight: 804.30 PLN for vehicles... Please Read More
Corporate Income Tax (CIT) reduced to 15%
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Date30 Jan 2017
/From the beginning of 2017, the Corporate Income Tax (CIT) on companies which are classified as so-called small taxpayers was reduced from 19% to 15%. A small taxpayer will be companies which have achieved revenue from the previous tax year... Please Read More
Security deposit when registering as a VAT taxpayer
The PiS government has introduced a new fiscal instrument to combat tax fraud, with the registration termination starting in 2017. The payment of a security deposit for the declaration of a company subject to VAT is due from those companies... Please Read More
Conversion of the tax data collection system by means of JPK – access to complex business data by the tax authorities
According to estimates by taxpayers, the tax gap in VAT is the difference between taxable contributions and those that the treasury actually received. This difference has grown to at least 50 billion Złoty in 2015. In order to improve the... Please Read More