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The newest, fourth version of Crisis Shield provisions introduces a number of changes to tax regulations, including changes relating to tax arrangements, transfer prices, tax-deductible costs, donation deductions and VAT regulations.
In this issue of our alert we are focusing primarily on the provisions of the Act of 4 June 2020 on contributions to interest on bank loans granted to ensure financial liquidity of businesses affected by COVID-19 (“the Crisis Shield 4.0 Act” or “Shield 4.0”) that was just passed by the Sejm last...
As of 2020 companies are able to deduct interest on retained equity (contributions and profits).This can reduce their CIT by as much as PLN 47,5 thousand. More details in BDO’s Tax Alert.
In an extensive announcement containing more than 80 questions and answers, the ministry of finance wants to explain to taxpayers how to correctly prepare first-time transfer pricing information (TPR-C and TPR-P).
In the previous issue of the Alert we provided part 1 of the explanations.
In an extensive announcement containing more than 80 questions and answers, the ministry of finance wants to explain to taxpayers how to correctly prepare first time transfer pricing information (TPR-C and TPR-P). Comments on the document may be submitted until 22 May directly to the ministry’s...
On 9 April 2020 the ministry of finance published tax explanations on the use of passenger cars in business operations
1 April 2020 was the effective date of the Act of 31 March 2020 amending the Act on special solutions to prevent, combat and counteract COVID-19, other infectious diseases and the resulting crisis situations, as well as certain other acts, which introduced the solutions proposed as part of the so...
If due to the crisis caused by the coronavirus a business experiences difficulties with the payment of taxes or ZUS premiums, it may apply for relief in the payment of taxes or premiums.