Poland: Draft bill on DST presents in Parliament
On 7 July 2021, a draft bill on digital services tax (DST) was submitted to Poland's lower chamber of parliament (the Sejm). The bill includes a proposal of 7% tax on digital sector enterprises, regardless of their place of establishment, with a
See MorePoland: Tax bill clarifies the definition of place of management
On 28 June 2021, the Poland’s Ministry of Finance has opened a public consultation for a new tax bill called the “Polish Deal.” With other amendments, the bill provides the clarification of definition of place of management for corporate
See MorePoland releases draft legislation on corporate tax for public consultation
On 26 July 2021, the Polish Ministry of Finance has released a draft bill regarding the corporate income tax for public consultation. The bill includes the following proposals: Proposal to change the method of depreciation of assets acquired
See MorePoland: MOF announces a proposal to change the transfer pricing regulation
On 28 June 2021, Poland Ministry of Finance issued a plans for taxpayer-friendly amendments to the transfer pricing regulations. The following measures have been proposed under this plan. Cancellation on the preparation of transfer pricing
See MorePoland: MOF further defers the WHT collection system to 31 December 2021
On 25 June 2021, the Polish Ministry of Finance has published a decree providing further postponed the introduction of the withholding tax pay and refund system until 31 December 2021. The obligation was originally deferred until the end of June
See MorePoland: MOF announces tax measures to attract foreign investment
On 14 June 2021, the Polish Ministry of Finance announced a new package of measures to encourage foreign investment in Poland. Accordingly, 95% tax exemption for dividends received by Polish holding companies after a one-year holding period,
See MorePoland: Tax authority extends TPD deadlines due to COVID-19
On 19 April 2021, the Polish tax authority announced an extension of the transfer pricing documentation deadlines that was advised under the Act of March 30, 2021. Extending the deadline for submitting information on transfer pricing:by 30
See MorePoland: MOF publishes tax explanations on transfer pricing adjustment
On 2 April 2021, the Polish Ministry of Finance has published tax clarifications on transfer pricing regarding the adjustment of transfer prices within the meaning of Art. 11e of the CIT Act (Article 23q of the PIT Act), in relation to the
See MorePoland extends the deadline for CIT return to 30 June 2021
On 10 March 2021, the Poland’s Ministry of Finance has published a notification extending the deadline for the submission of 2020 annual tax returns and the payment of tax due. Accordingly, companies will have to settle CIT until 30 June 2021
See MorePoland: MOF announces a draft law introducing new advertising tax
On 2 February 2021, the Polish Government issued a draft introducing a new advertising tax (premium) on digital (internet) advertising and conventional advertising. The online advertising premium rate will be 5%. It will apply to advertisers whose
See MorePoland: Ministry of Finance postponed WHT collection system to 30 June 2021
On 30 December 2020, the Ministry of Finance issued a decree dated 28 December 2020, postponing the introduction of the withholding tax and refund system until June 30, 2021. This applies to both corporate tax and individual income tax
See MorePoland launches public consultation on draft guidance regarding the application of TP Method
On 18 December 2020, Poland’s Ministry of Finance has launched a public consultation on draft tax guidance regarding clarifications on transfer pricing regarding the comparable uncontrolled price method. The transfer pricing provisions
See MorePoland publishes law amending corporate income tax act
On 30 November 2020, the act amending the Corporate Income Tax Act was published in the Polish Journal of Laws and thus entered into force. The amendment introduces compliance of limited partnership having their management or registered office in
See MorePoland: Transfer pricing changes in recent tax law
On 29 September 2020, a draft bill amending the corporate income tax (CIT) laws was submitted to the lower house of the Polish parliament. The amendments include following proposals related to transfer pricing. Extends the application of the
See MorePoland: Parliament approves a bill to amend various income tax rules
On 30 September 2020, the Polish lower house of Parliament (Sejm) approved a Bill No.642 amending various income tax rules for business. The measures of Bill No. 642 will apply from 1 January 2021. The bill includes a number of proposed tax
See MorePoland: Council Ministers publishes draft bill amending CIT rules
On 16 September 2020, the Polish Council of Ministers published a draft bill amending the corporate income tax (CIT) rules to be in force from 1 January 2021. The bill includes the following tax measures; Limited partnerships in Poland are
See MorePoland clarifies the treatment of dividends under TP rules
On 6 August 2020, the Polish Ministry of Finance has issued a guidance on whether a dividend payment among related entities falls within the scope of the definition of a “controlled transaction” for transfer pricing purposes. The uncertainty
See MoreDAC6 Updates: Optional deferral of DAC6 reporting deadlines
On 24 June 2020, the European Council reached agreement on an optional 6-month postponement to the reporting deadlines for relevant taxpayers under EU Directive 2018/822 (DAC6), and a delay to the exchange of information under
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