The government is announcing changes to the IP BOX relief that could affect how taxpayers accountfor income tax starting in 2025. Currently, those engaged in research and development activities canbenefit from a 5% PIT or CIT rate on income from qualified intellectual property rights. The changes are expected to require the employment of at least…
The sale of land property by a natural person may seem like a relatively simple transaction. In reality, however, from a tax law perspective, it can give rise to significant obligations, including the obligation to calculate and pay value added tax. In particular, this obligation depends on whether the transaction is considered to be a…
Tax audit, customs and fiscal control as well as preliminary checks are situations in which the support of a professional attorney is necessary to ensure effective protection of the taxpayer’s interests and representation before the inspection authorities, as well as to minimize the risk of sanctions. A tax advisor, thanks to his knowledge and experience,…
Navigating the complexities of withholding tax in Poland can be daunting, but NTAX is here to guide you every step of the way. Withholding tax from the perspective of foreign entrepreneurs in PolandWithholding tax is one of the more complex areas of tax law faced by foreign entrepreneurs operatingin Poland. The term is used to…
According to Polish tax law, foreign companies operating in Poland may be considered as having a tax establishment, which results in the obligation to pay CIT tax. A tax establishment is a term used in international tax law that refers to the permanent place of business of a foreign company in a given country. The…
Poland, as a dynamically developing market in Central and Eastern Europe, attracts many foreign companies looking to do business within its territory. Depending on their business goals, capital, and strategy, foreign companies can choose from various forms of doing business. The most popular forms are the branch, representative office, and subsidiary. Each of these forms…
Poland has for years enjoyed growing interest from foreign investors, attracting substantial capital thanks to its strategic location, rapidly developing economy, and friendly business environment. In the prestigious FDI Confidence Index compiled in January 2024, Poland was impressively ranked the 23rd most attractive country for investors globally, and an outstanding 7th among emerging markets. One…
By the end of March, entrepreneurs who keep accounts in the form of accounting books received financial statements from their accountants. However, this is not the last step towards meeting all year-end obligations. The financial statements should then be submitted to the KRS together with the relevant resolutions. Our experience shows that entrepreneurs often do…
Nowadays, it often happens that a foreign citizen residing in Poland receives a donation of funds from his or her parents abroad. The question then arises about the tax consequences of such a situation. This topic is discussed in this article. Pursuant to Article 1(1)(2) of the Inheritance and Donation Tax Act of 28 July…
We were approached by a client with a legal question who signed a contract for the sale of shares in a limited liability company. The share transfer agreement was signed in 2023, and the transfer of ownership took place on that date. However, the fees for the sale of shares were divided into 4 tranches….
