We offer tax law assistance to small, medium and large businesses. We work with companies in various industries, often facing serious difficulties. We are not afraid of complicated cases. We make every effort to ensure that our clients effectively minimize risks, regardless of the stage of the case.
The GLC team’s tax advice is much more than just “tax service”. We provide comprehensive support, made possible by uniting the strengths of attorneys, tax consultants, the accounting team, controlling and specialists in broadly defined audits. Our clients can count on help in solving even the most complicated problems in the background of tax law. We also offer professional representation during tax proceedings and support during audits.
The new TPR-C o TPR-P returns will contain more extensive information on related party transactions. They will also be subject to closer scrutiny by tax authorities in selecting entities for tax audits. The obligation to file declarations will apply to all Polish entities that are part of capital groups required to prepare local transfer pricing documentation. For the first time, the obligation to file declarations will apply for the tax year beginning after December 31, 2018.
The CFC regulations came into force in 2015. The main purpose of their introduction was to tighten the tax system and reduce tax avoidance. As a result of the amendment, as of January 1, 2019, the phrase “foreign controlled company” was replaced by the term “foreign controlled entity” in income tax laws. With the amendment, the scope of application of the provisions on foreign controlled companies was expanded to include a foundation, trust or other trust entity in certain cases, among others.
Our team of lawyers constantly analyzes the changing legislation and familiarizes itself with the practice of tax authorities and administrative courts. Extensive experience allows us to offer comprehensive CIT/PIT consulting services.
As of 1 January 2019, regulations introducing favourable solutions for taxpayers obtaining income from qualified intellectual property rights came into force. Once the statutory prerequisites are met, they may benefit from a preferential tax rate of 5% (both in PIT and CIT, this applies to income derived from qualified intellectual property rights.
The Controlled Foreign Company (CFC) provisions may contribute to certain inconveniences in the tax planning process involving foreign structures. In order to reject the possibility of these inconveniences, a key aspect is to verify that the companies in which the taxpayers have an interest meet the definitions of both foreign companies and controlled companies.