Optimising taxes

Optimising taxes

Polish tax law introduces many opportunities to significantly reduce tax liabilities. These apply to both income taxes and VAT.

Income taxes

In the case of income taxes (both PIT and CIT), the first thing to consider is all types of tax relief. These are particularly important in innovative industries, where, among other things, research and development relief, IP Box, or increased tax-deductible costs can be applied.

For larger-scale operations, support decisions that allow for total exemption from tax on certain income may also be useful.

On a smaller scale, the so-called Estonian CIT may prove beneficial, which is particularly important for entities that allocate their income to further development (if the company's funds are not distributed to shareholders, then such an entity does not pay any income tax at all).

Entities that themselves provide certain savings, such as associations or family foundations, can also be used. Their appropriate use can result in a significant reduction in the tax payable.

VAT

In the case of VAT, in some cases it may be profitable to apply a so-called subjective exemption (which has also been extended to non-residents) or to take advantage of one of the many objective exemptions.

In many cases, the transaction may not be subject to VAT at all – this may apply, for example, to transactions involving certain real estate.

Our services

If you are seeking ways to optimise your tax situation, planning to transform your entity or planning to use a completely new entity for your business - do not hesitate to contact us.