Tag: Tax
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Precautionary Tax Scheme Reporting
The practice of precautionary tax scheme reporting has arisen with respect to arrangements based on generic hallmarks, as defined in Article 86a(1)(6) of the Polish Tax Code. If a transaction contains a generic hallmark, it must meet the main benefit test to qualify as a tax scheme; however, it is not always clear whether a …
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Transfer Pricing in Poland
Polish transfer pricing regulations are based on the OECD Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations. When it comes to related entities, the arm’s length principle requires transactions to be priced as if they were carried out between unrelated entities. Definition of related entities Polish transfer pricing regulations define related entities as those having …
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Tax Exemption for Foreigners?
Major changes in the civil law activities tax on the purchase of residential real estate have entered into force. In addition to the (6%) tax on the purchase of a sixth (and each subsequent) flat/apartment located on the same land, legislators have also introduced an exemption from civil law activities tax for the purchase of …
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