Newsletter IC&PARTNERS POLAND – 2024-12
Minimum Corporate Income Tax
- Purpose of the tax: To impose additional taxation on companies with low effective tax rates despite high revenues.
- Tax rate: Determined as a percentage of revenue or a base specified by law.
- Who does it apply to? Companies that show a low level of effective taxation despite generating high revenues. Examples include companies reporting losses or minimal taxable profits, raising concerns among tax authorities.
Unified Control File for CIT (JPK CIT)
- What is it? JPK CIT is a new reporting obligation requiring companies to maintain detailed tax records and submit them electronically to tax authorities.
- Scope of the obligation: Financial data related to corporate income tax (CIT) settlements. Information on transactions with related entities.
- Submission deadlines: The obligation to file the JPK CIT will align with the deadlines for CIT settlements. The JPK CIT will be submitted simultaneously with the CIT-8 declaration.
- Required format: XML structure compliant with the technical requirements of the Ministry of Finance.
Global Minimum Tax
- Legal basis: Implementation of OECD regulations on global minimum taxation for large corporate groups (Pillar II).
- Tax rate: A minimum effective tax rate of 15% for corporate groups with consolidated annual revenues exceeding EUR 750 million. This obligation also applies to Polish entities that are part of such groups.
- Purpose of the regulation: To counteract base erosion and profit shifting to low-tax jurisdictions.
How can we assist you?
Our firm offers comprehensive support in the following areas:
- Tax advisory: Analysis of the impact of the new regulations on your business.
- Preparation and verification of JPK CIT: Ensuring compliance with technical and legal requirements.
- Global tax settlements: Assistance in aligning tax processes with global minimum tax requirements.
If you have any questions or need more detailed information, please feel free to contact our office.
IC&Partners Poland S.A.
Plac Powstańców Warszawy 2a
00-030 Warszawa
Tel: +48 22 828 39 49
Fax: +48 22 827 78 91
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