The payment of remuneration to a foreign counterparty may result in an obligation to deduct the WHT (withholding tax) from the remuneration due. Often, a contract concluded with a foreign entity contains a so-called gross-up clause. In such case, the withholding tax deducted does not influence the amount of remuneration remitted, and the amount of withholding tax is actually borne by the Polish business operator. The question arises whether the withholding tax can be a tax-deductible cost.
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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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