Tax authority controls on transfer pricing
Tax audits, a concept that causes anxiety for many taxpayers. Especially those who are not prepared for them. According to the outcome of a report by the Supreme Chamber of Control (The correctness and effectiveness of control, tax and enforcement proceedings of the National Fiscal Administration bodies), the tax administration is intensifying the number of control proceedings aimed at identifying errors or verifying those identified by taxpayers, including in the area of transfer pricing. The risk of identifying irregularities in the course of controls is increasing and is related to the increasing specialisation of the tax administration bodies and the careful selection of entities that are the object of control activities. Therefore, the number of audits concluded with the so-called tax domination is increasing. The tax authorities also have a wider range of analytical tools at their disposal and the information thus obtained is of higher quality.
From 1 January 2025 cash PIT
On 23 April 2024, a draft amendment to the PIT Act and the Lump Sum Act (hereinafter: the ‘Draft’) was published, which envisages the introduction for PIT taxpayers of the possibility of settling on a cash basis, i.e. deferring the moment when taxable income arises until the counterparty settles the payment. According to the government’s announcement, the proposed changes are to come into effect from 1 January 2025.
Expenditure on benefits for B2B colleagues can be claimed as a deductible expense.
An individual interpretation by the Director of the National Fiscal Information dated 19 December 2024 (ref. 0111-KDIB1-3.4010.629.2024.2.ZK) confirms that expenses incurred by the company for benefits for co-workers operating in the B2B model may be recognised as tax deductible costs.
New regulation on VAT exemptions – what is worth knowing?
As of January 2025, a new regulation on VAT exemptions is in force, which introduces significant changes for entrepreneurs and taxpayers benefiting from VAT preferences. The regulations aim to clarify the rules of the exemptions, bring the legislation in line with EU requirements and simplify procedures in certain areas. In this article, we will discuss the key changes, who they affect and what steps need to be taken to comply with the new regulations.
JPK CIT 2025: A revolution in tax reporting
The Single Control File is a modern tool that plays a key role in streamlining tax reporting processes in Poland. VAT taxpayers have already become familiar with it by reporting their transactions in detail. Now, with the entry into force of new regulations, its scope has been extended to corporate income taxpayers by introducing the CIT JPK. This change is intended to further increase tax transparency and better control over corporate accounts.
Changes at the Polish family foundation
The Polish family foundation is a legal institution that was introduced into our legal system in 2023. Its main objective is to manage family assets in an orderly manner, ensuring protection and intergenerational succession. The family foundation allows the ownership of assets to be transferred to a separate legal personality, eliminating the risk of their fragmentation or loss as a result of inheritance conflicts. It is primarily aimed at family entrepreneurs and wealthy individuals who wish to safeguard assets against unforeseen contingencies.
Employee/contractor’s obligation to account for tips
More and more catering companies are looking for modern and simple ways to make it easier for customers to reward service, while also streamlining tax returns related to tips. One such solution is the introduction of a mobile app that allows tips to be given in a cashless form.
Problems with the TPR form
Digitalisation is affecting more and more areas of our lives. It is no different in the tax sphere. TPR forms for transfer pricing reporting, because a few words about it today, are, as of those for 2022, filed as online forms. Nevertheless, despite the obvious benefits of digitisation, taxpayers often encounter various problems, particularly technical ones, when filing the indicated form in the new form.