Tag: Tax
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Pro-growth Tax Relief
Pro-growth tax relief, also known as expansion tax relief, is a tool that can potentially be used by a wide group of taxpayers. Under the Corporate Income Tax Act, taxpayers who have manufactured products in the course of their business activities are entitled to this tax relief. However, there appears to be ambiguity as to …
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Higher Tax Rates on ‘Home Offices’?
Poland’s Ministry of Finance has recently taken the position that if a residential building is rented out by a sole trader running a business, then this is considered a business activity even if the tenant is only renting out the property for purely residential purposes. This may, of course, mean that tenants can expect a …
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News
Publication
General Tax Ruling on Reporting by Real Estate Companies
The need to undertake tax reporting by companies with more than 50% of assets in real estate is relatively new (reporting was undertaken for the first time on 31 October 2022). In order to clarify any uncertainties in the interpretation of these new provisions, the Ministry of Finance has published a general tax ruling in this respect. Main Issues …
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