Tax
Cash pooling may be subject to thin capitalisation restrictions
Until recently, the prevailing approach of the Polish tax authorities, expressed in numerous individual tax rulings, was that interest paid within a cash pooling structure should not be subject to thin capitalisation restrictions. (more)
Tax efficient employee discount programs
Based on numerous positive individual tax rulings, it is possible to claim that, under certain conditions, granting employee discounts on the company’s products does not constitute taxable income. (more)
Selecting a tax method for carrying foreign exchange differences
Corporate Income Tax (CIT) payers and Personal Income Tax (PIT) payers presenting accounts can choose a method of carrying foreign exchange differences referred to in Articles. 9b Paragraph. 1 Point 2 of the Law on CIT and Art. 14b. 2 of the PIT. (more)
Car in the company - Tax aspects
It is necessary for rented cars to have a logbook. Based on the logbook data the monthly deduction allowance for corporate income tax purposes will be calculated (number of business mileage rate multiplied per kilometre). (more)
Pro-Family relief
For 2014, in the tax return for 2013, the pro-family relief will be different as per previously billed. Its use will depend primarily on the following: the number of children you have, the amount of income of the taxpayer and whether you are married. (more)
New rules for additional taxation of foreign controlled companies
The Polish government recently announced a revised draft with new provisions for the additional taxation of foreign controlled companies in the Corporation Tax Act and the Income Tax Act, in respect of taxes on corporations and individuals respectively. (more)