News | ASB Group | ASB Group

What's new in taxes in Poland starting from 1 Jan 2020?

2020 brings many significant changes for taxpayers and we summarize some of the more important ones below.

Jan. 21, 2020

Tax authorities apply General Anti-Avoidance Rules

Recent information published by the Ministry of Finance shows how the tax authorities are making use of the General Anti-Avoidance Regulations (GAAR) and provides details of opinions recently issued by the Council for Prevention of Tax Avoidance, which is in Polish Rada do spraw przeciwdziałania unikaniu opodatkowania (“Council”). We note that the Council has been used infrequently to date and has assessed only a handful of complex cases since it was first established in July 2016.

Jan. 16, 2020

Useful information for employers concerning e-Submission in the Czech Republic

We would like to inform you about changes which arose by e-Submissions coming into force in the Czech Republic in January 2020. Please note that the information below is for PN (incapacitation to work) only, paternity, maternity or family member care remain processed as ever.

Jan. 10, 2020

ASB Group advised PORTIVA on acquisition of Ivančice retail park

ASB Group advised the Czech investment group PORTIVA on a successful acquisition of a retail park in Ivančice (South Moravia). ASB services included financial and tax advisory.

Jan. 9, 2020

ASB was awarded the „Gazele Biznesu” title

We are pleased to announce that ASB, once again, was awarded the „Gazele Biznesu” title for 2019. This prestigious recognition is granted to the most dynamic small and medium-sized enterprises in Poland.

Jan. 7, 2020

ASB Group advised REICO on the acquisition of an industrial park Dubnica II in Slovakia

ASB Group has successfully advised ČS nemovitostní fond which is managed by REICO investiční společnost České spořitelny, a.s. on the acquisition of an industrial park Dubnica II in Slovakia. Park Dubnica is a new logistics centre built in 2018. It consists of warehouse, technical and office space with a total lettable area of 16.6 thousand square meters, with 100% of the rentable area already occupied. The value of the new acquisition is approximately CZK 241 million (EUR 9.5 million). ASB advisory services included comprehensive financial and tax due diligence.

Dec. 9, 2019

Year-end Transfer Pricing Adjustments

On 1 January 2019, the revised CIT law introduced five conditions allowing taxpayers to recognise transfer pricing adjustments as tax-deductible. According to article 11e of CIT Act, taxpayers may adjust transfer prices and change the amount of revenue earned or tax-deductible expenses incurred provided that all of the following conditions are met:

Dec. 5, 2019

ASB – a new member of NPCC

We are pleased to inform you that ASB has become a member of the Norwegian Polish Chamber of Commerce (NPCC). We hope that membership in this association will allow us primarily to exchange experiences with Norwegian companies and to establish new partnerships.

Nov. 27, 2019

Poland: Revised Rules of APA and DRM

On 5 November 2019 the President signed legislation revising the advance pricing agreement (APA) and dispute resolution mechanism rules applicable to situations involving double taxation. APA's apply to the pricing of inter-company transactions. The new rules also allow taxpayers who obtain a positive APA or tax agreement (in Polish "porozumienie podatkowe") to deduct expenses otherwise restricted under article 15e of the CIT Act. Article 15e limits tax deductions on the purchase of various advisory services and licence fees which exceed 5% of EBITDA in a tax year.

Nov. 19, 2019

What’s new