Tax Services in Poland

Tax Advisory

getsix® corporate income tax services in co-operation with our ‘competence network’ partners encompass planning, advisory and tax compliance.

getsix® have experience within the following areas:

• Tax optimisation, for example, related to the classification of income and expenses. We regularly advise on treatment of marketing expenses and capital versus current expense issues in the real estate sector;
• Tax reviews aimed at identifying tax risks and opportunities;
• Support with tax aspects surrounding mergers and acquisitions, including performance of due diligence and advice on tax structuring;
• Establishment of formal tax capital groups and informal tax groups;
• Assistance with obtaining binding interpretations under Art.14 of the tax code;
• Tax aspects related to establishing and operating in Special Economic Zones (SEZs).

In the course of the year taxpayers are obliged to make monthly advance payments on income tax to the bank account of a competent tax office. The amount transferred is a difference between the tax due on the income earned from the beginning of the tax year and total advance payments due in preceding months. Monthly tax advance payments must be remitted no later than on 20th day of each month for the preceding month.

A final settlement of tax liabilities is completed by submitting a yearly tax return and paying an outstanding amount, if any. This should be done:

• By the end of the third month of the year following the tax year- in case of corporate taxation;
• Until April 30th of the following year – in case of personal income tax settlements.

Additionally entities – irrespective of their form – are in general subject to Value Added Tax. Therefore, if no exemption is applicable, entities are obliged to settle the VAT on a monthly basis and file monthly tax returns until 25th day of each month for the preceding month.

Companies are further obliged to:

• Conduct full bookkeeping;
• Prepare financial statements and file it to the National Registry Court;
• Have the books audited and financial statement published (certain types of companies).
• Individual businesses and most of the partnerships can fulfil limited bookkeeping requirements in form of a revenues and costs book, unless their yearly revenue exceeds an equivalent of 1,200,000.00 EUR.