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…
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…
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…
