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  • Podatki z Galt Tax: Tomorrow (03.10.2017) come into force the regulations specifying new requirements for transfer pricing documentation

    , tax transfer pricing

    The regulations* coming into force on 3 October 2017 will include i.a. the detailed description of the elements of the local file, the master file and the benchmark analysis, that is the new documentation that some entrepreneurs have to already prepare for 2017. These regulations complement the transfer pricing regulations effective as of 1 January […]

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  • Podatki z Galt Tax: Tax relief for ‘bad debts’ will be easier to use

    , tax

    The Ministry of Development is working on a draft law which will introduce simplification for entrepreneurs in tax and economic law. The planned changes will, among others, make it easier for entrepreneurs to use the so-called ‘tax relief for bad debts’, which we wrote about last week. What will change? As regards the tax on […]

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  • Podatki z Galt Tax: Tax relief for ‘bad debts’ – what is it and how to deal with it?

    , 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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  • Podatki z Galt: Expenditures related to external financing of residential development projects – TAX EFFECTS OF ACCOUNTING TREATMENT

    , accounting tax

    The method of recognizing the tax deductible costs of the expenditure related to the external financing of housing development projects depends on their accounting treatment. The inclusion of paid interest as “production / work in progress” results in the fact that the interest can only be recognized as the tax costs when the premises are […]

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  • Controlled employees outsourcing

    , legal

    We encourage you to read a comment of our expert in the latest issue of Truck & Business magazine – “Controlled employees outsourcing”. It is not prohibited to use the employees of another entity. On the contrary – such situations are allowed under the Labour Code. They may, however, have only a temporary character. Learn more […]

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  • Podatki z Galt Tax: The owners of the shopping malls and office buildings will pay a new tax.

    , tax

    A draft amendment to the CIT Act and PIT Act provides for the introduction of a tax on commercial real estate located in Poland. In practice, this will be a new tax paid i.a. by the owners of the shopping malls and office buildings, as well as of the large stores. The new tax is […]

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  • Insolvency clarified at last

    , legal

    The bankrupt entrepreneur’s family will also receive help from  FGŚP. The new regulation will come into force as of 5 September. Employee claims protection act, in the event of the employer’s insolvency, has its own definition to help meet the needs of the company in bankruptcy. The act defines insolvency, enumerating cases in which the […]

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  • Company’s bankruptcy justifies lowering managers’ salaries

    , legal

    Both bankruptcy and restructuring law iclude regulations which allow to consider remuneration of persons managing debtor’s activity to be ineffective in relation to bankruptcy estate. As a rule, Insolvency Practitioner is not aware of the remuneration levels, which would enable him/her to estimate whether a manager’s salary has been inflated. They can refer to reports […]

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  • Relations between parties will be established in management contract

    , legal

    When comparing management contract to employment contract – which also may constitute a basis for establishing obligations of a manager – we can see that it allows for applying more flexible and convenient for a company mechanisms. Management contract, as a civil law contract, is not subject to the provisions of the Employment Law. It […]

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  • Bankruptcy and facilitated employment reduction

    , legal

    If an employer is declared bankrupt or if it opens recovery proceedings, it may take advantage of facilitated employment reduction. Bankruptcy or restructuring of an employer limits employees protection as a weaker party in an employment relationship. Then many provisions of the Labour Code regarding termination of employment agreements are excluded or modified. Taking into […]

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