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Podatki z Galt Tax: Tax relief for ‘bad debts’ – what is it and how to deal with it?
Artur Gawiński, tax
When issuing a VAT invoice to a contractor, we must pay both VAT tax and income tax from this invoice. Cumulatively, both these taxes are more than one third of the gross amount. If debtor did not pay the invoice on time, we would not receive payment for our goods or services. Additionally we have […]
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What is the benchmarking study? – use our transfer pricing calculator
Artur Gawiński, transfer pricing
The benchmarking study is a statistical analisis of statistical financial data, designed to determine the market price level achieved by third parties in respect of a given type of transaction. The benchmarking study significantly reduces the risk of dispute with the tax authorities as to the market price level agreed between related parties, which otherwise […]
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What is a transfer price? – use our digital calculator and check transfer pricing duties
Artur Gawiński, transfer pricing
A transfer price is the price at which company sells goods, intangible assets or provides services to related parties. Each transaction between related parties should be arm’s length, otherwise the tax authorities may increase the taxable income by increasing revenues or decreasing costs. The assessment process is illustrated in the graph below (example for rendering […]
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Serious sanctions due to lack of documentation
Artur Gawiński, tax
Since January 1, 2017 the transfer pricing documentation regulations will change and therefore the documentation duty may change for particular entities. On January 1, 2016 changes in tax law introduced by amendments in the PIT and CIT Acts came into in force. Significant changes in regulations include regulations on transfer pricing issues. Not all regulations […]
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The Country by Country Report (CbC)
Artur Gawiński, tax
Since January 1, 2017 the scope of information of the transfer pricing documentation will depend on the value of income or expenses made by the company in the previous fiscal year. On January 1, 2016 changes in tax law introduced by amendments in the PIT and CIT Acts came into in force. Significant changes in […]
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Master File Documentation
Artur Gawiński, tax transfer pricing
Since January 1, 2017 the scope of information of the transfer pricing documentation will depend on the value of income or expenses made by the company in the previous fiscal year. On January 1, 2016 changes in tax law introduced by amendments in the PIT and CIT Acts came into in force. Significant changes in […]
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The new information scope of tax documents (Part. 3)
Artur Gawiński, tax
Since January 1, 2017 the scope of information of the transfer pricing documentation will depend on the value of income or expenses made by the company in the previous fiscal year. On 1 January 2016 the amended Acts will come into force: Personal Income Tax and Corporate Income Tax. Significant changes in regulations will include […]
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The new information scope of tax documents (Part. 2)
Artur Gawiński, tax
Since January 1, 2017 the scope of information of the transfer pricing documentation will depend on the value of income or expenses made by the company in the previous or current fiscal year. In 2017 changes in tax law introduced by amendments in the PIT and CIT Acts will come into force. Significant changes in […]
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The new information scope of tax documents (Part. 1)
Artur Gawiński, tax
Since January 1, 2017 the scope of information of the transfer pricing documentation will depend on the value of income or expenses made by the company in the previous fiscal year. In 2017 changes in tax law introduced by amendments in the PIT and CIT Acts will come into force. Significant changes in regulations will […]
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Who is going to prepare a transfer pricing documentation next year? (Part 2)
Artur Gawiński, tax
From January 1, 2017 new rules concerning transfer pricing issues will come into force. Besides values of transactions also amount of the taxpayer’s income will matter. In 2017 changes in tax law introduced by amendments in the PIT and CIT Acts (Paper No. 3697) will come into force. Changes in tax law regarding transfer pricing […]
