The law introducing the National e-Invoice System has already been signed, so all signs point to businesses being required to issue and receive structured invoices next year. But is this the end of the "digital revolution" in taxes? The Ministry of Finance is striving for maximum control over documents, with the National e-Invoice System being just the next step. On the horizon […]

Upon termination of a lease, it is necessary to reach an agreement regarding the settlement of the lessee's expenditures on the leased property. The lessee may either dispose of the improvements or retain them for compensation. Does the lessor's retention of the improvements have any VAT implications? VAT applies to the provision of services and the supply of goods. A supply of goods is the transfer […]

One of the changes introduced by the "Polish Deal" is a ban on depreciation of residential properties. This ban has been in effect since 2023. Taxpayers who began depreciation before 2022 hoped that the courts would rule that this ban violates the principle of protection of acquired rights, which would allow for the full depreciation of the property. The Constitutional Tribunal has not yet issued a ruling that clearly […]

Share capital is the contribution of shareholders to the company upon its formation. The law stipulates a minimum amount, which depends on the legal form. However, there is no upper limit. The share capital amount may be changed during the company's operation. A company's capital increase may be made from either shareholders' funds or the company's own funds. It should be remembered that an increase […]

One of the conditions for qualifying for lump-sum taxation on corporate income (Estonian corporate income tax) is a proper revenue structure. Specifically, this means that a company's passive income cannot exceed 50% of its total revenue. But is this always the case? A company trading in gas fuels, subject to Estonian corporate income tax, had such doubts. In order to secure its operating activities, […]

We recently presented a draft amendment to the taxation of family foundations (Draft Amendments to the Taxation of Family Foundations). However, if anyone thought that the tax changes for family foundations would be the last unpleasant surprises in the new year, they were mistaken. On Tuesday, the Ministry published a comprehensive draft amendment to the personal income tax and the personal income tax […]