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Tag: tax deductible cost

The tax deductible costs are all costs incurred with the purpose of generating revenue, retaining or protecting sources of revenue, except for the costs which are explicitly listed in the PIT Act as not deductible.

The costs can be direct and other costs as described in the PIT Act.

Generally, the direct costs are deductible in the tax year in which the related revenue was earned. Other costs are deductible on the date they were incurred. (more…)

Just like in most countries certain expenses cannot be tax deductible in Poland. Since this issue is quite complicated and it is regulated by CIT and PIT acts and non-uniform practice of tax offices please contact us.

As a general rule in order to be recognised as tax deductible cost in Poland, an expenditure incurred by a taxpayer should meet the listed below criteria: (more…)

I am looking for tax advice for our Polish Company. We are a UK holding company that owns 100% the shares of our Polish Company. We are a recruitment company and I need tax advise for local trading and what can be done for recharging.

I have two immediate questions and depending on the work from yourselves will go into further tax advice for the company as we are looking to expand and also make large profits so need to tax proof ourselves in the best method.

At the end of 2010 / beginning of 2011 we changed office space and because of this move we wrote off the fixed assets relating to the old office, our current advisor said that this could not be used as a cost to reduce the CIT payable which I don’t understand as the depreciation on this asset was previously used as a tax deductible cost, so the question is how can I use this asset write-off as a tax deductible cost. (more…)