CIT
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Polish registered partnerships: a new category of CIT taxpayer
Registered partnerships with their registered office or management in Poland are CIT taxpayers if their partners include legal persons as well as individuals. As a result, tax may apply both at partnership and partner level…
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Estonian CIT: eligibility requirements and risks for companies
How to assess eligibility for Poland’s Estonian-style corporate income tax, distinguish the company’s tax rate from the combined tax burden and identify risks before opting in.
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Estonian CIT: the assumptions behind the 2020 proposal
For many years, businesses have associated Estonia with exceptionally user-friendly tax procedures. It ranked a strong 12th in Paying Taxes 2020, compared with Poland’s 77th place. It appears an attractive place to do business, particularly through companies with share capital. Tax procedures…
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Limited partnerships as CIT taxpayers: what you need to know
The idea of subjecting limited partnerships to CIT first arose in 2013. It was abandoned during legislative work, and only partnerships limited by shares were brought within the CIT Act. The main reason for this was that…
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Tax measures to improve liquidity during the COVID-19 pandemic
The Anti-Crisis Shield allows PIT and CIT taxpayers to deduct losses incurred in 2020 from income earned in 2019. In a crisis, when many businesses struggle to remain in…
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Bad debt relief
VAT bad debt relief is an established mechanism and has been available in its current form for a year. The new development is simplified bad debt relief for PIT and CIT, which does not require court proceedings.…
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Share exchanges — the dispute over tax neutrality
The tax exemption for share exchanges, set out in Polish law in Article 24(8a) of the Personal Income Tax Act and Article 12(4d) of the Corporate Income Tax Act respectively, perfectly illustrates a situation in which the way a transaction is carried out…