Tax planning in Poland
combines various tax strategies
with the purpose to minimize tax liability
. The strategies can be applied by small and medium sized companies in Poland
and also by large corporations. Individuals can also use tax planning strategies and minimize the amount of money they need to pay
at the end of the fiscal year.
Our Polish law firm
can offer you tax planning and tax minimization services
and can help you plan your investments in Poland in the best possible way.
Tax minimization strategies in Poland
is a widely used practice. Companies in Poland
choose to employ the services of a professional tax planner or an accounting firm so that their company will not pay more taxes than necessary. However, tax minimization strategies
imply that the investor if fully aware of the legal provisions for investing in Poland
, knows and observes the relevant legislation. Tax minimization
is different from tax avoidance and it does not use any illegal schemes.
A good way to reduce taxes is to bring forward different tax deductions. By bringing forward the tax deductions into the current fiscal year, you can reduce the amount of the taxable income. You can deduct business travel expenses and reasonable services that can be listed as business services, like business lunches, corporate gifts and others.
Early contributions to retirement plans and charitable donations are also ways in which investors can minimize taxes.
Taxes in Poland
The corporate tax rate in Poland
is set at 19% and there are no alternative minimum taxes. Participation exemptions apply. Poland has concluded about 80 double tax treaties
with other countries and you can read all about these topic on our website.