CIT

The Single Control File (JPK) is a standardized set of data generated from IT systems. Until now, it only applied to entrepreneurs for value-added tax (VAT) purposes, but the latest regulations now also include corporate income tax (CIT) in the JPK system. The regulations establishing the obligation to use JPK_CIT will come into force on … <a href="https://arpiaccounting.com/en/jpk_cit-new-obligations-from-january-2025/">Continued</a>

Starting in 2024, corporate income taxpayers who report a loss or income less than 2% of the total turnover, are subject to the CIT minimum tax. CIT minimum tax is an additional tax obligation co-occurring with other CIT laws and cannot be offset. The amount payable for the basic CIT will be reduced by the … <a href="https://arpiaccounting.com/en/cit-minimum-tax-how-to-calculate-tax-base/">Continued</a>

A small taxpayer is a tax privilege that allows to reduce the tax liability due to the indicated limits of income for a given accounting period (income tax). In other words – the status of a small taxpayer is determined only by the amounts specified in the relevant provisions of the Law. The PIT Law defines a small taxpayer as a taxpayer in … <a href="https://arpiaccounting.com/en/small-taxpayer-in-income-tax-and-vat-limits-benefits/">Continued</a>

Starting in 2024, CIT taxpayers who report a loss or have significantly low income for a given tax year will be subject to the minimal CIT tax. This minimum tax is an additional liability that operates alongside other CIT obligations and cannot be replaced. If you are eligible for both the basic CIT and minimal … <a href="https://arpiaccounting.com/en/minimal-cit-tax-rate-and-subjects/">Continued</a>

After several months of work in the Sejm and Senate committee, the provisions contained in the Polish Deal Act (including minimum CIT) will finally enter into force on January 1st, 2022. During the work in the Senate, several dozen rectifications were proposed, and even vacatio legis, an amendment postponing the entry into force of the provisions … <a href="https://arpiaccounting.com/en/minimum-cit-as-a-new-linear-tax-polish-deal/">Continued</a>

The government has once again postponed the entry into force of the withholding tax regulations. Specifically, the “WHT refund” procedure, which defines the rules for a tax refund after it has been collected at the basic rate. The previous deadline – January 1st, 2021 – has been postponed to July 1st, 2021. As a reminder: … <a href="https://arpiaccounting.com/en/new-rules-for-collecting-withholding-tax-from-july-1st-2021/">Continued</a>

The Act on taxing limited partnerships with CIT has been signed by the President of the Republic of Poland and published on November 29th. The amendment also introduces separate provisions on flat-rate income tax (the so-called Estonian CIT). The Ministry of Finance counts on 2 billion PLN annually in budget revenues from almost 40,5 thousand … <a href="https://arpiaccounting.com/en/limited-partnerships-with-income-tax-cit-summary/">Continued</a>

A revolution in the regulations on corporate income tax will soon become a reality. After the pre-consultation stage, which lasted until August 23rd, the Ministry of Finance has published the full draft of the new law introducing the so-called Estonian solutions in CIT. Ongoing work on the new CIT law amendment will probably last until … <a href="https://arpiaccounting.com/en/the-estonian-cit-project/">Continued</a>

In October 2018, the Ministry of Finance amended the law regarding the withholding tax (WHT) in PIT and CIT. A year has passed and the new rules are still not in force due to inconsistencies in the amendment. We present a summary of the most important changes that will be introduced by the new law. … <a href="https://arpiaccounting.com/en/withholding-tax-new-regulations-postponed-june-2020/">Continued</a>

Income Tax Act which came into force in October 2018, informs about the necessity to exercise due diligence in transactions subject to withholding tax. The Ministry has issued an advisory statement regarding due diligence, addressed to WHT payers. Withholding tax (WHT) is a tax deducted at source, especially one levied by some countries on interest … <a href="https://arpiaccounting.com/en/due-diligence-withholding-tax-wht/">Continued</a>