Pursuant to the Regulation of 27 April 2018, the Ministry of Finance (hereinafter: MF) established the Transfer Pricing Forum (TPF) to respond to taxpayers’ needs concerning the clarification of different aspects of transfer pricing. The forum is a team comprising people who are professionally involved in transfer pricing, both as regards theory and practice, as well as the MF and the National Revenue Administration representatives.
There are different ways entrepreneurs finance their fixed assets. One of the methods of financing the purchase of fixed assets is to obtain a grant. Such grants must be accounted for, and this is not tax-neutral, as it affects both revenues and tax-deductible costs.
With this article, we are starting a series of posts on the RSM Poland blog dedicated to the aforementioned quick fixes in the intra-Community trade.
It is not easy to clearly determine whether WHT shall apply to dark fiber lease or not, as it requires a detailed analysis of both a given ROU agreement concluded by the Polish entity and the provisions of a relevant DTT. This analysis proves difficult as there is no wide common practice of the Polish tax authorities in this respect, and the authorities have seemed to be overlooking the issue in question.
The amendment of the Act on the National Court Register, awaited by entrepreneurs, has become a fact: trading companies can now file their annual financial statements through a proxy.
As promised earlier, I will try to present some practical solutions prepared by the German Desk Team of RSM Poland which make it easier for foreign investors, in particular entities from German-speaking countries, to start or expand their business in Poland in the context of complex and often changing legal and tax regulations.
IFRS 15 includes detailed principles to be applied in certain areas of industry-specific accounting, and we have already presented some of them in our recent posts. It should be recalled that the additional guidance included in Appendix B to the standard is obligatory. In this article, we are going to focus on a general discussion of some of these issues.
The turn of 2018 and 2019 is the time of publishing new regulations on transfer pricing. These regulations are included in Chapter 1a of the CIT Act and Chapter 4b of the PIT Act. On 29 and 31 December 2018, regulations of the Minister of Finance were published in the Journal of Laws, being secondary legislation to transfer pricing provisions.
In today’s post I would like to continue the series on good faith concerning VAT we have addressed because of a very interesting ruling of the Provincial Administrative Court in Wrocław of 10 July 2018 file ref. no. I SA/Wr 256/18. You can read more about it in the previous post (part 1). Now I would like to focus on the prerequisites of good faith presented by both the Polish administrative courts and the Court of Justice of the European Union (CJEU).
We have recently written a lot about recognising revenue from construction and advisory services; today it is time for the next industry; this time, we are going to analyse the sale of non-material products. How should the revenue from the sale of the license and the service of software installation be recognised in the books?
