Publication date: June 18, 2025
DAC 7 Directive in the Polish legal system
The so-called DAC 7 Directive concerns the reporting of online trade. According to recital 20 of Council Directive (EU) 2021/514 of 22 March 2021 amending Directive 2011/16/EU on administrative cooperation in the field of taxation, the purpose of the regulation is to prevent tax fraud, tax evasion and tax avoidance. This objective is to be achieved by requiring platform operators to report income obtained through digital platforms. In turn, recital 27 of this regulation indicates that the purpose is also to ensure legal certainty for controlled entities, so controls should be carried out in a previously agreed and coordinated manner. This directive was transposed into the Polish legal system on the basis of the amendment to the Act of 9 March 2017 on the exchange of tax information with other countries (Journal of Laws of 2024, item 1588, as amended).
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Publication date: June 17, 2025
One of the absolutely key issues in running any business is the accounting of revenues and costs. Based on Polish legal regulations and established accounting practices, various accounting documents are used to document business transactions. In the context of contractual penalties, we most often deal with two types of documents – an accounting note and a debit note. These terms are sometimes used interchangeably, but their application and meaning may vary depending on the context and practices adopted in the company. This article will discuss the basic issues related to maintaining such documents in the context of provisions on contractual penalties.
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Publication date: June 13, 2025
Businesses and companies use various financial and banking tools provided. The question arises whether it is permissible to file an identification report for a business registered in the National Court Register, whose bank account was opened in the so-called parallel banking.
The obligation to indicate a bank account during registration in the National Court Register
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Publication date: June 13, 2025
When can the creditor call for payment – when does the claim become due?
A call for payment (payment demand) is a basic action of the creditor aimed at amicable satisfaction of the claim before initiating legal proceedings. In the case of a debtor who is a citizen of another country, a properly formulated payment demand plays a special role, both in terms of effectively making the claim due and in the context of further procedural activities.
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Publication date: May 27, 2025
arm’s length principle; the obligation to establish transfer prices on the same terms as unrelated entities would establish; market price in real property sector; asset approach; the income approach; the comparative approach.
What is market price?
The Act of 28 July 1983 on Polish inheritance and gift tax defines the market value of goods or services. It turns out that this value is determined based on average prices used in the trade of goods of the same type and kind, taking into account their location, condition and degree of wear and tear, as well as in the trade of property rights of the same type. In other words, it is the highest price at which the buyer is willing and able to acquire a given good, as well as the lowest that the seller can agree to.
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