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…
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…
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….
As of the beginning of 2023, the provision of Article 16c(2a) of the Corporate Income Tax Act, which prohibits the depreciation of residential property, came into force under the Polish Deal. This change negatively affects returns on investments in residential units and buildings. However, it turns out that there is a way to circumvent this…
We received a legal question from a client running a law firm dealing with confirmation of Polish citizenship of persons with Polish descent, concerning determination of the place of taxation of services rendered by the client and indication of the appropriate tax rate in accordance with the provisions of the Value Added Tax Law, as…
We have been approached by a client with a legal question regarding the settlement of VATon the rental of a sea yacht. According to the information obtained from the client, the beginning and end of the rental is to take place on the territory of the Republic of Poland, the yacht is to be registered…
