Tax News

Accounting irregularities in the annual tax return of individuals in Poland, as well as failure to file the return by the required deadline, do not necessarily result in sanctions against the taxpayer. It is possible to avoid negative consequences by filing the return with the appropriate notice or correcting the return. Careful verification, accuracy of calculations and timely action are essential for a correct and safe tax return.

Pursuant to the exchange of tax information act, the Polish taxpayers belonging to large international groups are subject to additional obligations, such as reporting on entities which are part of the group (CbC-R) or indicating the entity in charge of delivering such information (CbC-P).

At the beginning of 2025, many taxpayers from international groups received transfer pricing adjustments for 2024, known as "tp adjustments." These adjustments raise questions regarding their compliance with Polish tax regulations. Therefore, before treating the adjustment as a transfer pricing adjustment and including it in tax-deductible costs or taxable revenues, it is essential to verify whether it meets all the requirements set in the Corporate Income Tax Act (hereinafter: CIT Act). Below, we present the key information and guidelines.

On January 1, 2025, the Act on the so-called "top-up-tax" will come into force in Poland, introducing a new type of income taxation (global tax reform, the so-called "Pillar II", aimed at eliminating the transfer of profits to countries with low tax rates).

General ruling of the Minister of Finance regarding the conditions for applying the exemption from withholding tax on the payment of interest and royalties within the EU/EEA