The rules of taxation of so-called commercial properties, or buildings for rent or for use under another similar contract (e.g. a lease) in Poland, have changed significantly since 1 January 2019. The scope of the tax has changed to a large degree. It covers a considerably wider circle of property owners than before due to the fact of covering all buildings, regardless of their nature, whenever their value exceeds the statutory minimum amount.
Continue readingAuthor Archive: Marcelina Szwed-Ziemichód
What is the safe interest rate on a shareholder loan?
One of the changes in taxes from 2019 is the introduction of “safe” interest on loans granted by related entities. If the loan meets certain conditions, the tax authorities will not question the accepted settlement rules. What are the conditions and what is the “safe” interest rate on the shareholder loan?
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TRANSFER PRICING DOCUMENTATION FOR 2019 IN POLAND
The transfer pricing documentation for 2019 will look slightly different than the one for 2018. What is the difference? Who needs to make a benchmarking analysis and what is a safe harbour at transfer pricing!
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SOLIDARITY TAX IN POLAND – NEW TAX FOR THE WEALTHIEST FROM 2019
The year 2019 has brought many changes to tax regulations. One of the most important ones from an economic point of view is the introduction into the Personal Income Tax Act of the so-called solidarity levy, or an additional tax for the wealthiest.
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The Polish Strategy for Capital Markets Development – tax issues
The Ministry of Finance announced a draft of the Polish Capital Market Development Strategy last week. The document has many interesting aspects but I will focus on the most interesting from the tax advisor perspective (especially the crypto tax advisor).
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WHAT IS A WITHHOLDING TAX? AND WHAT DOES IT LOOK LIKE IN POLAND?
Entrepreneurs who cooperate with foreign counterparties may be required to deduct withholding tax/WHT in Poland. It is not easy to determine when such a tax should be deducted. Especially since the rules are going to change as of 2019!
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POLAND: TAXES ON CRYPTOCURRENCIES – 5 KEY CHANGES IN PIT
As of 1 January 2019, the rules on taxation of cryptocurrencies will change. Cryptocurrencies will be taxed on a similar basis as capital gains. What is important, these changes apply to income (revenues) earned as of 1 January 2019. Contrary to previous proposals, the amendments will not apply retroactively as of 1 January 2018.
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NEW WITHHOLDING TAX RULES IN POLAND
2019 will be another year of significant changes in taxes. Some of them will also apply to the withholding tax. The obligation to exercise due care or the obligation to withhold tax despite being in possession of a residency certificate are just some of the changes we will have to deal with.
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IP BOX – 5% INCOME TAX IN POLAND
As of 1 January 2019, entrepreneurs who earn revenue from intellectual property rights will be able to benefit from the preferential 5% tax rate. The Innovation Box is to be, in addition to the R&D tax relief, another tax measure to support innovative entrepreneurs. To benefit from this solution, several conditions have to be met. […]
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TAX ON SALE OF REAL ESTATE LOCATED IN POLAND IN 2019
In 2019, the sale of a flat will be more advantageous in tax terms than in 2018. Under the amended regulations, the group of people who will have to pay tax on the sale of a flat or plot of land will be reduced. What is going to change?
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