Turkey: Social Security Agreement signs with Poland
A Social Security Agreement was signed on October 17, 2017 between Turkey and Poland. The Treaty will enter into force after the ratification processes of two countries are
See MorePoland: A new version of a draft bill to amend corporate income tax law
Recently, a new version of a draft bill to amend Poland’s corporate income tax law (and also to amend the individual income tax law) was submitted to the parliament. The amendment will most likely come into effect on 1 January 2018. Main changes
See MorePoland: Ministry of Finance publishes a draft bill on corporate income tax
The Polish Ministry of Finance issued a draft bill on 12th July 2017, regarding corporate income tax. The draft bill proposes significant changes and sets new foundations in taxation rules for companies in Poland. The bill changes the
See MorePoland publishes draft amendment to R&D tax relief
The Ministry of Science and Higher Education has published an amended draft bill regarding the R&D tax relief. The bill proposes an increase of current income tax deduction from 50% and 30% to 100% depends on the category of eligible costs and
See MorePoland publishes standard audit file for tax purposes
A draft standard tax audit file rules of amendments to the Tax Ordinance Act has been published on 23rd May 2017. According to the standard tax audit file rules taxpayers-lawful entities, authoritative units, and people who directing benefits of the
See MorePoland: President signs new legislation on CbC reporting requirement
The new legislation regarding the exchange of tax information with other countries was signed by the President on 20 March 2017. The Law provides information on obligations of financial institutions and the automatic exchange of country-by-country
See MorePoland: Important tax changes for 2017
A number of major tax changes have been introduced as of 1 January 2017. The changes are given below: Personal income tax: Personal income tax has a major change on the tax-free amount that is based on the tax base. In accordance with the new
See MorePoland passes bill on exchange of information in tax matters
The lower chamber of the parliament (Sejm) has passed the Bill on 10 February 2017 regarding the Exchange of Information in tax matters with other countries. The bill implementing among other measures, Council Directive 2014/107 with regard to the
See MorePoland: Corporate tax law changes enters into force
New amendments regarding the corporate income tax and individual income tax acts of Poland have been entered into force on 1st January 2017. In accordance with the new amendments, a 15% reduced corporate income tax rate (previously it was 19%
See MoreDTA between Poland and Taiwan ratified
The Income Tax Agreement of 2016 between Poland and Taiwan has been ratified through Law No. 2244 by Poland on 15th December 2016 and published in the Official Journal on 29th December 2016.This treaty applies for avoiding double
See MorePoland issues Decree on mortgage loan limit for 2017
Polish Monitor (M.P. no 2016.1245), issued Decree of the Minister of Finance on 16 December 2016. According to the decree the limit for subtraction of interest expenses on mortgage loans for qualified taxpayers in 2017 is PLN 325,990.Generally,
See MorePoland: Amendments regarding TP documentation come into effect
Corporate Income Tax Law amendments gazetted in the Official Journal 1932/2015 regarding transfer pricing (TP) reporting obligations in line with Action 13 of the OECD Base Erosion and Profit Shifting (BEPS) project came into effect on 1 January
See MorePoland-Taiwan: Polish Senate approves tax agreement between Poland and Taiwan
The higher chamber of the Polish parliament accepted the draft law ratifying the Poland - Taiwan Income Tax Agreement of 2016 on 15 December 2016. Further details will be reported
See MorePoland: Parliament approves bill to apply simplified accounting
The parliament approved a draft law which aims at facilitate business in Poland on 16 December 2016. Along with other things, the law launches some changes to the Accounting Law in so far that it raises the threshold of annual net income which
See MorePoland: Parliament approves bill to simplified flat tax
The parliament approved a draft law which intends at facilitating for business in Poland on 16 December 2016. Along with other things, the law launches changes on the flat rate tax on specified income derived by individuals in so far that it raises
See MorePoland: Publishes new reporting requirements for taxpayers
A customized draft act on the exchange of tax information with other states dated October 7, 2016 has been released on the websites of the Polish Government Legislation Center. The Polish legislature has decided to move the regulations on CbC
See MorePoland: Publishes amended bill on CIT exemption for investment funds
The first reading of the draft Bill on the amendment of the Corporate Income Tax Act, which was submitted to the Parliament on 31 October 2016, took place in the Parliament on 4 November 2016. According to the bill, withdrew the full exemption
See MorePoland: Parliament adopts budget Law for 2017
The Council of Ministers presented to the parliament a draft Budget Law for 2017 on 30 September 2016. All along with the introduction of tax changes, different numbers of factors that have into force on budget revenues are envisaged. Corporate
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