Publication date: 13.11.2024
How to obtain tax benefits for Polish companies
Obtaining tax benefits is a significant advantage for business, which helps to reduce the tax burden, increase profitability and create favourable conditions for the company's development. For Polish companies, tax benefits may be available through a number of government programmes, investment rebates and special economic zones. However, obtaining such benefits requires proper preparation of documents, legal analysis of the situation and understanding of the basic requirements of Polish law. Legal advice, legal review of documents by a lawyer and a legal opinion of a lawyer can significantly simplify this process and minimise risks.
Main types of tax benefits in Poland
Polish tax law offers a number of benefits for companies that can use them to reduce costs and increase profitability. Available tax benefits may include investor benefits, research and development benefits, investment rebates, and environmental projects. Below is a look at the main types of tax incentives and their features.
- Benefits for investors in special economic zones. Companies operating in special economic zones (SEZs) can count on reduced tax rates and other benefits. Legal due diligence will help ensure that the company meets all the requirements for such benefits.
- Benefits for research and development (R&D). Polish companies engaged in research activities can benefit from tax deductions for investments in R&D. Legal advice will help you to prepare all the necessary documents and prepare your company for the benefits.
- Investment discounts. Investments in company assets, such as new equipment or technology, may be eligible for tax rebates. Legal analysis of documents will allow you to substantiate the legitimacy of such expenses and receive tax benefits.
- Benefits for environmental projects. Companies implementing energy-efficient projects or investing in environmental initiatives can count on tax benefits. A legal review of documents will help confirm compliance with environmental standards and requirements for obtaining such benefits.
Specific benefits for companies in special economic zones (SEZs)
By operating in special economic zones, Polish companies have access to tax advantages, which may include reduced corporate tax rates and other mandatory payments. Special economic zones are designed to stimulate investment in regions and the development of an innovative economy. In order to access such benefits, a company must make investments that meet the criteria set out in the zone's rules. Legal analysis of documents and a legal opinion from a lawyer are necessary steps to ensure compliance with the requirements of the SEZ.
Documents required to obtain tax benefits
Preparation of documents is an important step in obtaining tax benefits. Polish companies must provide proof of expenditure, investment and eligibility for each type of benefit. A legal analysis of the documents and a legal opinion from a lawyer will ensure that the documents are prepared correctly and increase the chances of obtaining tax rebates.
- Financial reports. Documents confirming the company's expenses, profits and losses for a certain period are necessary to justify tax rebates.
- Investment agreements and contracts. If a company is applying for investment incentives, it is necessary to provide contracts confirming the costs of acquiring assets.
- Documents on research and development projects. To receive benefits for R&D projects, companies must provide reports on research and development, as well as documents confirming the costs.
- Environmental certificates. For environmental projects, the company must confirm compliance with environmental standards by providing relevant certificates.
Key steps to obtain tax benefits
In order to successfully obtain tax benefits, companies need to follow a number of steps. Legal preparation and verification of documents by a lawyer play an important role in this process. Consulting a lawyer will help you avoid mistakes at every stage of the process.
- Assessment of possible benefits. Determining the types of benefits a company can claim is the first step. Legal analysis of the situation will provide information on current tax programmes and possible benefits.
- Collecting the necessary documentation. At this stage, the company must collect all the documents confirming compliance with the requirements. Having the documents reviewed by a lawyer will help ensure that they are properly executed.
- Submitting an application for benefits. The company must submit an application to the tax authorities or other relevant authorities. Legal advice will help you fill out the application form correctly and provide the necessary documents.
- Waiting for a decision from the tax authorities. After submitting the documents, you have to wait for a decision. In the event of a refusal, a legal opinion will help you understand the reasons for the refusal and prepare a new application.
Frequently asked questions about tax benefits
Below are the answers to the most frequently asked questions that arise in the process of obtaining tax benefits for companies in Poland.
Question.
What documents are required for tax incentives for research and development projects?
Answer.
To obtain research and development benefits, you need to provide reports on research project costs, R&D contracts, and proof of participation in such projects. Legal analysis of the documents will help you prepare them properly.
The role of legal support in the process of obtaining tax benefits
Engaging professional legal assistance significantly increases the chances of successfully obtaining tax benefits. Legal analysis of documents, a legal opinion from a lawyer, and legal advice will allow a company to confidently go through all stages of the process, avoid legal mistakes, and prepare documents properly.
Verification of documents by a lawyer. Advocate will help you make sure that all documents are properly executed and comply with the requirements of the law.
Online legal advice. The ability to receive legal assistance remotely, which greatly facilitates the process of obtaining benefits.
Legal analysis of documents. The lawyer will analyse in detail the documents required to confirm the right to tax benefits.
Legal opinion of a lawyer. The lawyer's opinion provides confidence in the correctness of the documents and compliance with all requirements.
Obtaining tax benefits for Polish companies is an effective tool for reducing costs and increasing financial stability. Engaging a professional lawyer, legal analysis of documents, as well as legal advice and legal opinion of a lawyer will allow you to successfully take advantage of the opportunities provided by Polish tax legislation. Correct preparation of documents and compliance with all procedures is the key to obtaining tax rebates and tax savings.
