Tax

Minimum income tax only from 2023 (and under new rules)

Minimum income tax only from 2023 (and under new rules)

The possible obligation to pay the minimum tax in 2022 will be abolished. In turn, starting next year, its construction will be modified quite significantly. These are the most important changes envisaged by the draft amendment to the Polish Order in the area of CIT. The level of profitability ratio from operations, below which companies will be subject to the tax, is to be raised. There will also be an alternative, simplified method of determining the tax base.

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Categories Tax

Polish Deal 2.0 at CIT. We know the assumptions

Polish Deal 2.0 at CIT. We know the assumptions

The Finance Ministry has been announcing for many weeks the publication of a draft law, an amendment to the regulations introduced under the Polish Deal (which today can already be referred to as the Polish Deal 1.0). The bill itself is not yet here, but the Finance Ministry has published the assumptions for the changes. They are numerous, and some of them – very significant.

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Categories Tax

Supreme Administrative Court confirms: income from doctor, PIT-11 from pharmaceutical company

Supreme Administrative Court confirms: income from doctor, PIT-11 from pharmaceutical company

A doctor, taking part in training courses organized and financed by a company, at which this company advertises its products and equipment, obtains a gratuitous benefit, this is what the Supreme Administrative Court ruled in the judgment of 2 June 2022 no. II FSK 2547/19. It was pointed out that the decisive factors are the voluntary use of the benefit by the recipient and the creation of a tangible economic benefit on his part. This is yet another time that the courts have agreed with the tax authorities’ pro-fiscal approach.

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Categories Tax

Extended powers of tax offices. Who will look into our accounts?

Extended powers of tax offices. Who will look into our accounts?

Until now, strictly defined tax authorities have been able to request bank information on individuals who have the status of suspects, i.e. those who have been formally charged. From the beginning of July, the request will be able to apply to everyone without exception, and the heads of 400 tax offices operating in Poland will also be able to access bank data. However, the Ministry of Finance does not exclude that the provisions that allow for far-reaching interference in citizens’ privacy will be amended.

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Categories Tax

Landmark ruling on debt financing. Threat or opportunity?

CIT

Landmark ruling on debt financing. Threat or opportunity?

In a verdict on April 26, 2022, the Supreme Administrative Court ruled that debt financing cost limits do not apply to operating leases. This is good news for the beneficiaries, because even in significantly indebted entities it will not be necessary to exclude financing from tax costs due to exceeding the statutory limit. The problem may arise on the part of the financing entity, for whom – due to the assumption that installment revenues do not increase interest expenses – there may be an excess of debt financing costs.

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Categories Tax

Polish Deal 2.0 has become a reality. What did the Senate amendments change?

banknoty pod lupą

Polish Deal 2.0 has become a reality. What did the Senate amendments change?

The law amending the Polish Deal – after accepting some of the Senate’s amendments – has been signed by the President. Compared to the originally enacted law, the rules for single parents to account for their children were changed, and the percentage of tax donated to public benefit organizations was increased. The provision allowing “linemen” to deduct part of the health contribution paid from their taxes was also clarified. What is the list of key changes that will be introduced by the amendment to the Polish Deal – already including the Senate amendments?

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Categories Tax

July 1, 2022 – an important date on excise tax grounds!

kampery

July 1, 2022 – an important date on excise tax grounds!

It will soon be a year since the amendment to the Excise Tax Law came into effect. This is important information, because exactly on July 1, 2022, entities that have made “modifications” to registered vehicles, which as a result have changed type to a passenger car, will have a tax obligation for making these changes. As a result, these entities will be required to file a declaration and calculate and pay excise taxes. The amendment also indicates the deadlines for carrying out the above actions.

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Categories Tax

We know the proposed changes to the legal act regarding changes in the functioning of land and mortgage registers

dokumenty

We know the proposed changes to the legal act regarding changes in the functioning of land and mortgage registers

The Ministry of Justice has completed works on amendments to the Act on Land and Mortgage Registers. They are to improve the operation of land and mortgage registers by, among others, granting notaries the right to make entries in land and mortgage registers. This should result in a significant shortening of a waiting period for making such entries. Currently, the draft is subject to works within government and it will probably take at least a few months before it goes to Parliament and comes into force.

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Categories Tax

How to account for photovoltaic leases? There is an interpretation

How to account for photovoltaic leases? There is an interpretation

Photovoltaic leasing has become an important issue in the business of leasing companies for some time. This topic is constantly popular, and the changes in the energy market caused by the war in Ukraine may lead to an intensified interest in the installation of such equipment. In this connection, it is worth noting that one of the first – if not the first – interpretation on accounting for expenses of this type appeared in March 2022.

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Categories Tax