Business will be allowed to re-invoice for the costs of utilities
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Date15 Jan 2016
In business, it is common practice for a firm to pass on the costs, it has incurred (on its own behalf) to another firm that makes use of a specific...
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The right to deduct VAT with a duplicate invoice depends on the reason to issue
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Date14 Jan 2016
The moment at which the payment of duplicate invoices is made is determined by whether a business has received the original sales invoice and the invoice has been recorded in...
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No more adjustment of tax-deductible costs in case of default in payment
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Date13 Jan 2016
The Act amending the Tax Act of 5 August 2015 and some other acts repeals Article 15b CIT Act and Article 24d PIT Act with effect from 1 January 2016....
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Organising a company event which has tax consequences
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Date12 Jan 2016
Any companies which organises a company event can offset the expenses occurred under certain conditions for tax purposes. By contrast, an employee who participates in a business celebration or event...
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In certain cases, it is possible to cancel an invoice
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Date11 Jan 2016
The issuer of an invoice document, the bill which has not yet left the business, i.e. has not been received by the recipient of the invoice can be cancelled, providing...
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The new transfer pricing documentation requirements for transactions between affiliates
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Date08 Jan 2016
With reference to the rule changes regarding the drawing up of transfer pricing documentation, the responsibility to submit transfer pricing documentation to the tax authority when required, and to create...
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The taxation structure associated with wind farms
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Date07 Jan 2016
If a property, which is erected with the buildings for wind turbines (the foundations, masts, street and square paving, outer wall, fencing, pipelines), is owned by farmers, and this land...
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Amendments to the Act on Personal Income Tax (PIT): 70% tax on compensation
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Date22 Dec 2015
From 1st January, 2016, certain type’s severance pay and compensation connected to non-complete clauses will be subject to tax. Compensation of 70% PIT Tax will be subject to, amongst others,...
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Legislators restrict the extension of fixed-term contracts
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Date21 Dec 2015
Due to an adjustment to the Labour Code, the Polish Parliament has restricted the period of the conclusion of fixed-term contracts to 33 months. By restricting the common practice, particularly...
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The purchase of Christmas gifts for employees could qualify as a social benefit
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Date17 Dec 2015
The social benefits for employees on the occasions of Christmas and Easter can either be funded by the Company Social Benefit Fund (ZFŚS) or from the company’s current assets. The...
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