Corporate income tax solutions in Poland
Managing corporate income tax is an essential aspect of a business’s financial duties in Poland. It involves a thorough comprehension of intricate regulations and meticulous attention to detail. Our strategy is focused on assisting businesses in confidently addressing these challenges, ensuring compliance while also uncovering opportunities for tax efficiency. By emphasizing accuracy and strategic insight, we help companies fulfill their tax obligations smoothly and effectively, offering reassurance in a constantly changing tax environment.
Corporate income tax rate
Poland’s corporate income tax (CIT) system encompasses a wide array of legal entities, such as corporations, limited partnerships, and branches of foreign firms. The system has a general CIT rate of 19% and a lower rate of 9% for small businesses and newly established ventures. Various incentives, reliefs, and optional frameworks like the Estonian CIT model are also part of Poland’s tax regime. The standard CIT rate remains 19%. The reduced CIT rate of 9% is applicable to small businesses with annual sales not exceeding EUR 2 million and to new businesses in their first year of operation, as long as they are not formed through restructuring. Distributions like dividends are taxed at 19%, while non-residents face a 20% withholding tax on interest and royalties. Additionally, a minimum income tax, set at 10%, applies to companies that report losses or have low profitability. The minimum tax base includes operational revenues and specific costs that surpass certain limits.
Our corporate income tax services
We provide a wide range of services aimed at helping businesses manage the challenges of corporate income tax in Poland. Our objective is to achieve complete compliance while enhancing your tax strategy, enabling you to concentrate on expanding your business. Our offerings include:
Corporate income tax compliance
Our Corporate Income Tax Compliance services guarantee that your tax returns are prepared and submitted accurately and punctually, in full compliance with local and international tax laws. We assist you throughout the entire process, offering professional guidance on the required documentation and filing deadlines. This helps ensure your business stays compliant, reducing the likelihood of penalties and tax-related problems.
Corporate income tax planning
We provide Corporate Tax Planning services focused on creating tax-efficient strategies to reduce your tax obligations. Our team collaborates with you to recognize and take advantage of all potential credits, deductions, and exemptions. We also help in preparing your annual and quarterly tax estimates and payments, making sure that your tax strategy remains compliant and aligns with your overall financial goals.
Corporate income tax accounting
In Corporate Income Tax Accounting, we offer extensive assistance in determining both current and deferred tax obligations. Our services encompass ensuring your financial reporting adheres completely to accounting standards like IFRS and GAAP. Additionally, we manage the reconciliation of tax accounts with the balances in your general ledger, delivering precise and clear financial statements that accurately represent your company’s actual financial status.
Tax audits and representation
If your business faces a tax audit, our Tax Audits and Representation services are available to help. We aid in generating all required documentation and represent you in discussions and resolutions with Polish tax authorities. Moreover, we conduct pre-audit evaluations to pinpoint and resolve potential compliance concerns before they escalate, ensuring your business is thoroughly prepared for any examination.
State and local corporate income tax compliance
Our State and Local Corporate Tax Compliance services assist businesses that operate in various jurisdictions by effectively managing their multi-jurisdictional tax filings and payments. We offer comprehensive advice on adhering to specific state and local tax laws and regulations, including information on nexus and state tax responsibilities. This enables you to confidently navigate the complex arena of state and local taxation.
International corporate income tax advisory
Our international corporate tax advisory service is designed to assist businesses with multinational activities in managing the intricacies of international taxation. We provide strategic advice on cross-border transactions, transfer pricing, and leveraging tax treaty benefits, ensuring your global operations remain compliant and efficient in terms of taxation. Our team offers expert support in organizing your international business activities to enhance tax results, tackling essential issues like permanent establishment risks, profit repatriation, and foreign tax credit management. This service is well-suited for companies aiming to grow their global footprint while efficiently handling their international corporate tax responsibilities.
Corporate income tax system
Grasping the complexities of Poland’s corporate income tax system is crucial for any business functioning within or outside the jurisdiction. Our expertise offers a detailed understanding of the tax system, including the circumstances in which corporate income tax is levied. We assist you in navigating the thresholds, exemptions, and specific regulations that shape Poland’s tax environment, making sure your business remains compliant while effectively optimizing tax efficiency. By having a clear understanding of the corporate income tax system, you will be empowered to make informed choices that support your company’s financial objectives and reduce potential tax liabilities.
Contact us
To learn more about our corporate income tax services or to talk about how we can help, get in touch with us.
Disclaimer
Tax laws and regulations are always evolving and can differ based on personal circumstances. The information presented here is meant for general guidance and may not represent the latest updates. It is strongly advised to seek the assistance of a qualified tax professional for information tailored to your specific needs and the most current advice.