Poland issues goodwill depreciation guidelines
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
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Poland approves draft legislation to simplify VAT obligations for small businesses
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
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Poland updates transfer pricing reporting FAQs
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
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Poland introduces new deposit refund system and VAT rules
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
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Poland: Finance ministry proposes VAT changes
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
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Poland: No new property taxes on solar farms and installations
Poland’s Ministry of Finance clarified in a notice on 21 August 2024 that it has no plans to introduce new real estate taxes on photovoltaic farms and installations. The proposed amendments to the Act on Local Taxes and Fees seek to maintain
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Poland: Council of Ministers propose corporate tax reforms
Poland’s Council of Ministers has presented a legislative agenda to amend the Individual Income Tax Law (IITL), Corporate Income Tax Law (CITL), and other tax measures. The proposed changes are intended to simplify tax regulations, remove
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Poland approves cash basis law for small entrepreneurs
The Polish Council of Ministers approved a draft law allowing small-scale entrepreneurs to use cash-based settlement of revenues and costs on Tuesday, 13 August 2024. This option, referred to as “Cash PIT” will be available to independent
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Poland initiates new consultations on e-invoicing
Poland’s finance minister Andrzej Domański on 12 July, 2024, announced that the Ministry of Finance and the National Revenue Administration are starting a new cycle of consultations on the National e-Invoicing System (KSeF). The meeting titled
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Poland initiates public consultation on VAT Law changes for small businesses
Poland’s Ministry of Finance announced the introduction of a draft bill concerning a proposed amendment to the VAT Law under the Amending Directive to the VAT Directive (2020/285) on 25 June, 2024. The draft legislation is up for public
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Poland publishes DAC7 implementation act in the gazette
On 17 June 2024, Poland published the Act of 23 May 2024 amending the Act on the exchange of tax information with other countries and certain other acts in the Official Gazette. As previously reported, On 9 April 2024, Poland’s Council of
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Poland: New VAT amendments for small businesses
On 12 June 2024, the Council of Ministers introduced draft legislation amending the value-added tax (VAT) law for small enterprises. The key amendment proposed is that small enterprises based in another EU member state would be eligible for VAT
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Poland announces draft changes to real estate tax laws
On 11 June, 2024, Poland announced a draft legislation to amend the current real estate tax regime. The Ministry of Finance will develop the bill, and the Council of Ministers is expected to adopt it by Q3 2024. The key amendments include:
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Poland: President approves national e-invoicing postponement
Andrzej Duda, President of Poland, has signed the Act on Value Added Tax (VAT), which delays the mandatory implementation of the National e-Invoice System (KSeF) from 1 July, 2024, to 1 February, 2026. Earlier, Poland’s Parliament passed an
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Poland passes new regulations regarding exchange of information on income derived by sellers through digital platforms
Poland’s Parliament has passed the Act of 23 May 2024 amending the Act on the exchange of tax information with other countries and certain other acts. The Act implements new regulations regarding the exchange of information on income derived by
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Poland: Parliament approves postponement of e-invoicing mandate, digital platform reporting
Poland’s Parliament has passed an amendment to the Value Added Tax (VAT) Act and other related laws, delaying the mandatory implementation of the National e-Invoice System (KSeF) until 1 February, 2026. The bill will now be sent to the
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Poland extends public consultation deadline for Pillar Two global minimum tax rules
Poland’s Minister of Finance Andrzej Domański announced on 16 May, 2024, the extension of the public consultation regarding the draft bill for the implementation of the EU Minimum Tax Directive under Council Directive (EU) 2022/2523 of 14
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Poland: Taxable VAT must equal shares’ issuance value for property contributions
The Court of Justice of the European Union (CJEU), on 8 May, 2024, ruled, under Article 73 of the EU Value Added Tax (VAT) directive, that the taxable amount for a property contribution from one company to the capital of a second company, in
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