In Poland, resident companies have to pay income tax, known also as CIT on all sources of their income generated worldwide. A resident company in Poland has this status only if it is incorporated in Poland or if it is managed in Poland. As for non-residents, they must pay corporate income tax only on the income generated on the territory of Poland.
The corporate tax rate in 2014 is set at 19 percent, and it it calculated for the whole tax year, in Poland being the same with the calendar year. In order for corporate taxation to be applied, the taxpayers are obligated by law to submit their tax declaration, as well as their balance sheet, with the fiscal office, but no later than three months after the end of the year. Based on the current year’s income, taxpayers are obligated to pay monthly taxes in advance. If certain conditions are met, then taxpayer can make monthly payments.
What are the reporting and payment dates in Poland?
The tax year in Poland ends on December 31. For companies, the deadline to file and estimated return to the tax authorities is March 31. The same deadline applies for the payment of the difference in tax. For the previous year, September 30 is the latest date for filling an annual return.
Capital gains in Poland
Capital gains that are made from the disposal of fixed business assets are added with income from other sources. These are subject to a 19 percent corporate income tax rate.
Branch profits tax, sales tax and value added tax in Poland
Companies that are opened in Poland
as branches are subject to an income tax
same as a Polish entity. When it comes to VAT, since Poland become a member of the European Union, the Polish VAT Act
has changed following the regulations of the 112th directives of EU, as well as other directives regarding EU.
VAT in Poland applies to the following transactions:
- Supply of goods and services made in Poland
- Exports of goods outside the European Union
- Import of goods from countries
One way in which investors in Poland can rest assured that they comply with the corporate income tax requirements is by working with our accountants in Poland. We offer complete services for companies, irrespective of their business form, and focus on complete accounting solutions including bookkeeping, tax compliance, and annual reporting. You can always reach out to our team to find out more.