INTERTAX Poland Tax services NEWS & Events

Published On - 15 May 2012

Recent success of Intertax in the Supreme Administrative Court

The Supreme Administrative Court (NSA) in Warsaw recognised the case on May 8th 2012 of the cassation claim presented by Intertax on behalf of L’O. (major European cosmetic company) regarding the VAT tax refund. NSA upheld a claim and decided that the Polish tax authorities examining the applicati...

Published On - 7 May 2012

intertax NEWS & EventsTags: Poland, Polish GDP

OECD praises Poland

Poland has the highest rate of economic growth compared with the most developed countries of the world – according to the OECD report. On Wednesday March 28th the leader of OECD Angel Gurria and Deputy Prime Minister Waldemar Pawlak presented the analysis of the actual state and prospects of t...

Published On - 27 April 2012

intertax FAQ, NEWS & EventsTags: CIT

What method of financing will be better for our company to increase the capital or to apply for a loan?

The rule is that Polish limited liability company, which are a part of international groups are being funded by foreign related entities. Depending on the form there will be different tax consequences of receiving these funds. There is an option of financing with equity, meaning increasing the initi...

Published On - 26 April 2012

intertax NEWS & EventsTags: tax authorities

Tax authorities will share data

The tax authorities of EU countries will transmit information about taxpayers more quickly. They will conduct multilateral controls in companies with greater ease, too. Polish tax authorities will be obliged to a faster transmission of information to the tax authorities of other countries and also w...

Published On - 18 April 2012

intertax NEWS & EventsTags: Poland

Poland – an attractive location for investments in business services

The attractiveness of Poland as a location for investment in modern business services is improving. According to the international consulting firm Hackett Group (company listed on NASDAQ). Now, we are on third place on a short list of companies looking for location for the centers of financial serv...

Published On - 18 April 2012

intertax FAQ, NEWS & Events

Can you tell me if my company needs to submit INTRASTAT declarations? Can you provide my company with those services?

INTRASTAT declarations provide records of trading between the countries of the European Union. The information collected from these declarations is used for statistical purposes. INTRASTAT declarations in Poland are sent by businesses (VAT payers trading with other countries of the European U...

Published On - 27 March 2012

intertax FAQ, NEWS & EventsTags: tax deductible cost

What can be recognized as tax deductible cost in Poland?

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 ...

Published On - 22 March 2012

intertax FAQ, NEWS & EventsTags: vat

Can you explain the difference between reliable and unreliable tax registers?

Reliable tax registers should include an overview of all economic activities that can affect the tax amount, and all the actual activities should be included in the registers. In other words the tax registers are considered reliable if records made in them reflect an actual situation. Tax Authorit...

Published On - 16 March 2012

intertax NEWS & EventsTags: GDP

Polish GDP on the rise

There was great news for Poland at the end of 2011’s fourth quarter of the year as its economy grew 4.3 percent year on year. According to reports from the central Statistical Office (GUS), this figure was slightly better than expected with economists predicting a 4.2 percent growth. It is predic...

Published On - 15 March 2012

intertax FAQ, NEWS & EventsTags: vat, vat returns

Do we need to open a bank account in Poland? Is it mandatory? If it is mandatory, in what currency?

It is necessary to open a bank account in Poland only if a company wants to receive a VAT refund in Poland. If a company does not intend to ask for a VAT refund the company does not need to have a bank account in Poland. The currency in Poland is PLN, therefore all VAT […]...