Tax relief for donations to vocational education is a solution that allows taxpayers to supportvocational training while reducing their tax liabilities. Thanks to this relief, individuals and businesses can donate financial resources or materials to vocational schools and educational institutions and then deduct the donation amount from their taxable income, ultimately lowering their tax burden….
What is IKZE? The Individual Retirement Security Account (IKZE) is a special savings account that allowsindividuals to set aside funds for retirement while benefiting from tax advantages. IKZE is part of the third pillar of the pension system in Poland and is one of the ways to independently build financial security for the future. It…
Expansion relief is a tax solution designed for entrepreneurs who want to grow their business, increasesales, and promote their products both domestically and internationally. This beneficial tax preferenceis available to companies settling taxes under the progressive tax scale or the flat tax rate. What is the expansion relief? This relief allows for an additional deduction…
Bad debt relief is a solution that allows for the reduction of the tax base and tax due in cases where receivables remain unpaid but a tax obligation has already arisen. This benefit applies to both VAT and CIT, enabling businesses to effectively and quickly recover at least a portion of the debt. In the…
A family foundation has been gaining popularity in Poland for the past two years as away to protect wealth and ensure smooth succession. Recognizing the challenges of succession, lawmakers introduced this legal structure to help Polish citizens prevent the dispersion of assets during inheritance. It serves as a safeguard for both wealth and future generations….
The tax credit for investment in an Alternative Investment Company (ASI) is aninnovative initiative introduced by Polish lawmakers, designed to stimulateinvestments in the capital markets in Poland. The legislation provides an opportunityfor taxpayers to deduct up to 50% of the amount invested in a venture capital fundfrom their tax base, with a maximum deduction of…
Following the example of countries such as Spain, Italy, France, and Germany, Poland aims to encourage the return of tax residents by offering more favorable tax settlement conditions. The goal is to stimulate the economy and incentivize people to relocate back to Poland. Primarily, such measures aim to retain intellectual and investment capital, boost the…
The wood and furniture industry in Poland has been a showcase for our industry internationally for years. Poland is the largest furniture exporter in the EU and is second only to Germany in terms of foreign sales of wood products. In terms of total foreign trade surplus, the wood and furniture industry rivals the much…
Starting January 1, 2025, a voluntary cash-based Personal Income Tax (PIT) will be implemented in Poland. This solution is designed for small entrepreneurs, allowing them to pay income tax only on revenue that has actually been received. The law provides an option for this type of tax settlement to entrepreneurs with annual revenue not exceeding…
On 21 October 2024, the Supreme Administrative Court issued a resolution (ref. III FPS 2/24) concerning the taxation of real estate intended for rental as part of business activity. The resolution represents a breakthrough for entrepreneurs renting out flats – if the real estate is used to satisfy the housing needs of tenants, a lower…
