Devastating floods have afflicted Poland since 22 September 2024, prompting the government to introduce changes to the 2024 budget. According to Finance Minister Andrzej Domanski, the government will make necessary changes to the budget within two

Poland’s Ministry of Finance issued a guidance, on 12 September 2024, clarifying that goodwill acquired through non-monetary means – such as acquiring a business by extinguishing a loan – cannot be depreciated for corporate income tax purposes

Poland's Ministry of Finance announced that it has approved a draft bill aimed at simplifying and modifying VAT regulations for small businesses on 10 September 2024. The legislation aims to simplify administrative obligations by introducing the

Poland’s Ministry of Finance released the fifth edition of the transfer pricing reporting Q&A (TPR Guide 2023) on 4 September 2024, offering an updated collection of answers to frequently asked questions about transfer pricing reporting

Poland has introduced a new deposit-refund system for beverage packaging for retail and wholesale sellers, which is expected to be implemented on 1 January 2025. This system will also introduce updated rules for settling value-added tax (VAT) for

The Polish Ministry of Finance has reportedly suggested several amendments to the VAT Act. The main proposed amendments are as follows: Apply a zero VAT rate to non-seagoing rescue vessels and lifeboats used at sea; Maintain 8% VAT for