Poland: The President of Republic amends rules on transfer pricing documentation
The President of Republic of Poland signed an Act amending the Corporate Income Tax (CIT) Act, the Personal Income Tax (PIT) Act on 27 October 2015. The Act initiated important changes related to transfer pricing (TP) documentation. As per the
See MorePoland: Parliament approves new R&D tax incentives
The parliament accepted a bill proposed by the former president amending the Corporate Income Tax Law to establish new research and development (R&D) tax incentives and promote modern technologies, on 25 September 2015. According to the bill,
See MorePolish parliament approves new transfer pricing rules
The parliament approved a bill on 11 September 2015 including changes the transfer pricing rules regarding transactions between related parties. According to the bill a taxpayer that is part of a multinational corporate group with annual income or
See MorePoland: Amending bill adopted by government
The Council of Ministers adopted a bill amending the Corporate Income Tax Law and Individual Income Tax Law on 21 July 2015.The amending bill requires a taxpayer that is part of a multinational corporate group with annual income or expenses of at
See MorePoland: Published revised draft bill on transfer pricing documentation
Poland’s Government published the revised draft of the Personal Income Tax /Corporate Income Tax Act (Bill) concerning documentation of intercompany transactions on 18 June 2015. According to the revised draft, the management or control
See MorePoland: Draft Regulation Introducing Amendments Based on BEPS Documentation Requirements
The Polish Ministry of Finance published a draft regulation on 27 April 2015 which introduced amendments on transfer pricing documentation in line with the requirements of the OECD/G20 action plan on base erosion and profit shifting
See MorePoland: IMF discusses economic and fiscal position
The International Monetary Fund (IMF) issued a press release on 18 May 2015 containing the concluding statement at the end of discussions in Poland under Article IV of its articles of association. Poland’s economic growth reached 3.5% in the
See MorePoland: New thin capitalization rules
The thin capitalization rules changes in Poland and this rule enacted as an amendment to Poland’s corporate income tax law, and signed by the president on 17 September 2014 and from 1 January 2015 the “thin capitalization” rules has been
See MoreUnited Arab Emirates and Poland: Income and Capital Tax treaty enters into force
The amending protocol of Income and Capital Tax Treaty between United Arab Emirates (UAE) and Poland will be entered into force on 1st May 2015, which was signed on 11th December 2013. This protocol usually applies from 1st January 2016. The most
See MorePoland: Taxation of undeclared income approves by parliament
The lower chamber of the parliament has approved a draft law (draft No. 3032) on 16 January 2015 and after publishing the law in the official Gazette it will enter into force on 1 January 2016. According to the law penalty rate will be reduced 55%
See MoreApproval of a pending protocol between Poland and U.A.E
The pending protocol was approved by United Arab Emirates Cabinet on 12 October, 2014. This pending protocol replaces the treaty articles on directors' fees and exchange of information and adds a new limitation on benefits article. The protocol
See MoreUS signed Intergovernmental Agreement (IGA) with Poland
The US Treasury Department has posted the official text of the intergovernmental agreement (IGA) that the United States signed with Poland on 7 October 2014 for implementation of the Foreign Account Tax Compliance Act (FATCA). Both the Government
See MorePoland: Hiked the VAT rate
Poland raised the VAT rate from 21% to 23% in 2011, when it goes through the financial crisis - recession, reduction of government revenues from corporate income tax. The Finance Ministry of Poland has declared, the new VAT rate (23%) will set for
See MorePoland-UAE: Income and Capital Tax Treaty modified by Poland
According to Law No. 1109 of 26 June 2014, the Income and Capital Tax Treaty (1993) between Poland and United Arab Emirates has modified by Poland and it was signed on December 11, 2013. According to the declaration of Polish Government confirms its
See MorePoland- Cayman Islands: Exchange of information agreement modified by Poland
According to Law No. 1108 of 26 June 2014 which was published in the Official Journal on 22 August, Poland ratified the Cayman Islands - Poland Exchange of Information Agreement of 2013. Further details of the agreements will be reported
See MorePoland: Strengthen the thin capitalization rules
The Lower House of Parliament adopted the amended final version of thin capitalization rules after approval by the Higher House of Parliament on 29 August 2014 and it is very likely new legislation will enter into force from 1 January 2015. This
See MorePoland – British Virgin Islands: Tax Information Exchange Agreement Signed
Poland and British Virgin Islands initialed TIEA (Tax Information Exchange Agreement) on 7 August 2014 after completion of Poland’s domestic ratification
See MorePoland-Guernsey: Income tax treaty enter into force
The income tax treaty of 2013 between Poland and Guernsey will enter into force on 1 October 2014 and it will be applicable form 1 January
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