Research & insights

Ministry of Finance ready for making tax results of major taxpayers public

Ministry of Finance ready for making tax results of major taxpayers public

On March 27, 2018 the Polish Ministry of Finance confirmed that it will publish the past tax results of CIT-payers (revenues exceeding EUR 50m). Before the end of April 2018, the Ministry of Finance intends to reveal tax results of the said companies for the period 2012 – 2016. Tax results for the last tax year (i.e. ended in 2017) should be published in July 2018. According to the Ministry of Finance, the said action is execution of the new CIT law and is in line with the global trend of tax transparency.

Provincial Administrative Court rules that tax ruling may secure a right to refund of input VAT

Provincial Administrative Court rules that tax ruling may secure a right to refund of input VAT

In its verdict of 20th February 2018 Provincial Administrative Court in Warsaw confirmed that the protective power of tax ruling issued for the taxpayer may protect not only against actual payment of tax, but may also secure a right to refund of input VAT. The case concerned denial of input VAT refund on acquisition of a shopping centre (structured as an asset deal on a piecemeal basis).

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