Tax reliefs

The rules and rates of taxation are established by the VAT Act, specifically Section VIII and its appendices. In Poland, the standard VAT rate is 23%, but there are also provisions for reduced VAT rates. Basic VAT rate The basic rate, applicable to most goods and services, is still 23% in 2024. It is the … <a href="https://arpiaccounting.com/en/vat-rates-in-2024-8-for-beauty-industry-and-other-changes/">Continued</a>

Poland offers various tax reliefs to individuals based on several criteria such as their profession, age, and social groups. These tax breaks are designed to support and encourage entrepreneurship. As an entrepreneur, it’s essential to understand these benefits and utilize them to your advantage. ARPI experts have prepared a concise summary of the most popular … <a href="https://arpiaccounting.com/en/tax-reliefs-in-poland-that-every-entrepreneur-should-know-about/">Continued</a>

Relief for return is a form of financial support introduced into Polish law by the Polish Deal amendments. The reason was to constitute an incentive for taxpayers to transfer their tax residence to Poland. The regulations came into force on January 1st, 2022. The mechanism behind the relief for return are two benefits available to … <a href="https://arpiaccounting.com/en/tax-relief-for-return-incentive-to-change-tax-residence/">Continued</a>

The Polish Deal amendments have introduced many controversial solutions that HR and accounting departments have to deal with since the beginning of 2022. As compensation for the various increases (for example the basis for the amount of health insurance contributions), the legislator has offered new reliefs that taxpayers are entitled to – depending on the … <a href="https://arpiaccounting.com/en/sponsorship-tax-relief-benefits-and-qualification-rules/">Continued</a>

After several months of work in the Sejm and Senate committee, the provisions contained in the Polish Deal Act (including middle-class tax relief) 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 … <a href="https://arpiaccounting.com/en/the-polish-deal-the-middle-class-tax-relief/">Continued</a>

The government is currently working on a draft law introducing a new financial support instrument for self-employed entrepreneurs. The Act on Entrepreneurs’ Law is to be amended. According to the government’s estimates, the so-called holiday relief, as a reduction of contributions amounts to the Social Insurance Institution (ZUS), will be available to 1.2 million micro-entrepreneurs. … <a href="https://arpiaccounting.com/en/a-new-zus-holiday-relief-available-for-the-self-employed/">Continued</a>

When settling VAT using the new JPK_VAT format, taxpayers can still benefit from the relief for bad debts, resulting from unpaid liability assumed as uncollectible. The essence of the relief is the reduction of the tax base for the supply of goods or services ordered within the territory of the country. The key aspect of … <a href="https://arpiaccounting.com/en/bad-debt-relief-in-vat/">Continued</a>

Counteracting payment gridlocks is the main goal for the legislators working on the tax reduction for bad debts in the field of income tax. The regulations, which come into force at the beginning of 2020, allow entrepreneurs to reduce the tax amount they’ll have to pay by the value from unpaid invoices. The discussed regulations … <a href="https://arpiaccounting.com/en/income-tax-reduction-for-bad-debts/">Continued</a>

In July, the government decided to reduce the PIT rate from 18% to 17% for revenues from the first tax threshold, while also raising tax-deductible costs. The amendment to the Income Tax Act still causes a lot of controversies. The regulation is to enter into force on October 1st, 2019. The ordinance that lowers the … <a href="https://arpiaccounting.com/en/pit-rate-reduction-17/">Continued</a>