Tomasz Piejak
Common Reporting Standard to be implemented in Poland
Poland is introducing regulations implementing a new global standard for automatic exchange of information about tax matters, developed by the OECD.
Payment for non-contractual use of real estate is not damages
Payments to the rightful owners of real estate taken over without legal grounds by the State Treasury or local governmental unit are subject to personal income tax as income “from other sources.” Whether the payments are subject to VAT depends on the specific circumstances.
Taxation of old inheritances: A huge dilemma
There is divergence in the case law on whether the percentage rate that should be applied in setting the amount of inheritance tax is the rate in force on the date the tax obligation accrued or the date when the tax authority issues the decision setting the amount of the tax.
Controlled foreign companies: New Polish tax rules from January 2015
Amendments to Poland’s Corporate Income Tax (CIT) Act and Personal Income Tax (PIT) Act went into force at the beginning of 2015. One of the key changes is taxation of income earned by controlled foreign companies (CFC, in Polish: zagraniczne spółki kontrolowane).
