tax
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Intra-Community acquisitions and VAT: a CJEU judgment favourable to Polish taxpayers
In its judgment of 18 March 2021, the Court of Justice of the European Union (CJEU) considered a question referred for a preliminary ruling by the Regional Administrative Court in Gliwice. The case concerned whether the conditions for deducting input VAT on an intra-Community acquisition…
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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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What is the taxpayer whitelist?
VAT whitelist: what to check before a transfer, how the PLN 15,000 threshold works and when a ZAW-NR notification is needed.
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Investment fiduciary arrangements — confidentiality and the limits of anonymity
A fiduciary arrangement can separate formal rights from an investor’s economic interest. It does not, however, ensure anonymity or automatically exclude AML and Central Register of Beneficial Owners (CRBR) obligations.
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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…
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VAT due diligence — checking counterparties
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Management board members’ ‘occupational risk’
Management board members of Polish joint-stock companies are thought to be in a safer position than their counterparts in Polish limited liability companies because there is no equivalent of Article 299 of the Polish Commercial Companies Code, under which the management board members of a limited liability company are jointly and severally liable for its…