How to properly document income and costs of obtaining income in contracts of mandate? In this article, we will discuss how to effectively manage income, costs and costs of obtaining income in the context of contracts of mandate. You will learn what expenses can be included in costs of obtaining income, how to document income and what tax aspects should be taken into account. "Did you know that proper documentation of income and costs […]
How to Store and Archive Electronic Documents and Accounting Documentation In the age of digitalization, storing and archiving electronic documents, such as invoices and tax documentation, is becoming not only convenient but also necessary. Learn how to effectively archive company documents to ensure their security and compliance with regulations. Wondering how to best store and archive […]
Mandatory Split Payment Mechanism: What is it and How does it work? The split payment mechanism, also known as split payment, is a mandatory system that aims to increase the security of financial transactions. It consists of dividing the invoice payment into two parts: the net amount and VAT. Thanks to this mechanism, the split payment becomes more transparent and compliant with the applicable […]
How to document transactional and non-transactional movement of goods: obligation to issue an invoice and tax aspects In the context of transactional and non-transactional movement of goods, it is crucial to understand the obligation to issue an invoice and the tax aspects related to ICT (intra-Community supply of goods) and ITC (intra-Community acquisition of goods). In this article, we will discuss how to properly document the movement of goods, both in the case of transactional and non-transactional […]
The Key to Effective Corporate Financial Management: Structure, Accounting, and Chart of Accounts Effective financial management is the foundation of any company’s success. The key to effective financial management lies in understanding the financial structure, skillfully managing transactions, and optimizing tax processes. A properly maintained general ledger and chart of accounts are essential for achieving stable revenue and effective financial management of a company. Effective […]
Selling Merchandise Below Purchase Price: Tax and Promotional Consequences Selling merchandise below purchase price, including selling for a symbolic zloty, can have a variety of tax consequences. It is worth understanding the tax consequences of selling merchandise below purchase price and whether selling for a symbolic zloty is legal. Analysis of purchase and sale prices […]
VAT Tax Obligation: When Does It Occur and How Does It Affect Invoice Issuance? In the context of VAT, the time of invoice issuance is crucial, because that is when the tax liability arises. Understanding exactly when the VAT tax liability arises is important for correct tax settlement. The date of invoice issuance and the time of VAT payment have a direct impact on tax liability. […]
Cash Method of VAT and PIT: What Does It Involve and How to Settle a Small Taxpayer? The cash method in VAT and PIT is a method of settlement that is particularly beneficial for small taxpayers. It consists in the fact that VAT and PIT are settled at the time of actual receipt of payment for the invoice. Thanks to this, the taxpayer does not have to pay the tax before receiving payment, […]
How to calculate PCC tax: tax base and rates When calculating PCC tax, a key aspect is determining the tax base. This base depends on the market value of the subject of civil law transactions, which means that you need to determine exactly how much a given item is worth on the market. This value is important because it determines how much the tax will be. Taxable transactions […]
How to Receive a Tax-Free Gift: Tax Implications and Gift Tax Many people mistakenly believe that any gift automatically triggers tax, which can discourage people from passing on their wealth to loved ones. In fact, there are numerous ways to avoid this obligation, especially when the gift is to close family. In this article, we will look at what exactly a gift is […]