Subparticipation in Poland: Legal and tax aspects
Amendments to the Corporate Income Tax Act which went into effect on 1 January 2014 provide an opportunity to revive the practice of subparticipation in lending in Poland.
Tax and customs duties on importation of goods into Poland
What importers need to remember when bringing goods into Poland from outside the European Union.
Tax support for innovation
In addition to direct public funding for innovative activity, e.g. grants and subsidised loans, tax instruments are also a major element of support for innovation.
New rules for settlement of VAT
New VAT rules have been in force in Poland since the beginning of 2014. The new rules still raise certain doubts, so it is worthwhile to re-examine the most important changes concerning when the obligation to pay VAT arises, the tax basis, and invoicing.
Avoiding double taxation of affiliates
Transactions between affiliates attract particular interest from the tax authorities, which are entitled to verify the declared income and assess adjustments of income. Audits of non-market transactions are expect to become more common.
Tips on selecting a tax year
A company’s tax year, and thus its financial year, need not be the same as the calendar year. In certain situations it may even cover a period longer than 12 months. And changing the tax year can sometimes generate tax advantages.
Return of the tax avoidance clause?
Discussion is underway on guidelines for proposed amendments to Poland’s Tax Ordinance. The most important changes proposed include introduction of a tax avoidance clause, safe harbour opinions, and a Tax Avoidance Council.
Special rules for taxation of investments in Belarus
Special economic zones, Hi-Tech Park Belarus, and the China-Belarus Industrial Park are just a few of the projects in Belarus offering highly favourable investment conditions, particularly in the area of taxation.
Is an open shed a building?
If this question is raised in order to establish the amount of real estate tax, the Polish Classification of Buildings does not provide a sufficient answer.
VAT on the sale of developed land
The manner in which a structure on land is defined determines the tax consequences of sale of the land.
VAT on private lease of real estate
In order for VAT to apply to letting of real estate, it is not necessary that the property be let as part of the landlord’s business activity.
VAT on sale of developed real estate
The tax consequences of sale of land in Poland depend on how the structures on the land are classified.
