Income and cost taxes in the economy 2600-PBdz1PDKG

Lecture:
Polish tax system and tax administration. General function and purpose of taxes in a modern economy. Role of taxes in modern economy. Identification of different types of taxes. Tax regulation framework. Sources of tax law. Differences between tax avoidance and tax evasion and the objective of anti-avoidance regulations. Ethics and professional standards in taxation. Tax returns and disclosures, applications for overpayment statement/tax refund, tax payments including advance payments. Rules and deadlines for filing tax returns for individuals and companies. Applications for overpayment statement/tax refund. Deadlines and payment methods. Calculating advance personal income tax payments and determining payment deadlines. Annual tax return filing procedures for individuals and calculating tax due. Employer obligations regarding income tax withholding from employee remuneration. Advance corporate income tax payments – standard and simplified. Annual tax return filing procedures for companies and calculating tax due. Tax reliefs and exemptions for small businesses. Procedures and deadlines for withholding tax payments. Information and records maintained by taxpayers for tax purposes. Procedures regarding applications for tax rulings, tax schemes, tax proceedings. Individual tax rulings. Tax proceedings, including deadlines and competent authorities. Tax audits, including taxpayer rights and obligations. Taxation of undisclosed income. Fundamentals of tax scheme regulations and taxpayer obligations in this regard. Penalties for non-compliance. Circumstances under which penalties or interest may be imposed. Calculating interest on tax arrears and penalties.

Personal Income Tax (PIT):
Scope of Personal Income Tax. Taxable entity and object of taxation. Tax residence of an individual. Taxation of residents and non-residents. Rules for taxing foreign income earned by residents. Rules for taxing income earned in Poland by non-residents. Impact of double tax treaties on the taxation of various types of income. Employment income. Employment income and tax base. Deductions. Employee benefits – tax rules. Employment relationship vs. personal service activities. Income from personal service activities. Income categories and calculation of the tax base. Deductions. Business income. Income categories and tax base calculation (including non-monetary income). Tax-deductible expenses. Depreciation allowances (conditions for asset depreciation, non-depreciable assets, asset valuation for depreciation, calculating depreciation using available methods including one-off write-offs, depreciation rules for cars and non-residential buildings, treatment of used and improved assets). Operating and finance lease – distinction. Tax loss settlement. Taxation of partnerships of individuals. Flat tax. Income from real estate, investments, and other sources. Real estate income and tax base. Depreciation allowances. Capital gains income and tax base. Income from other sources and tax base. Income from the sale of movable and immovable property. Taxation of real estate sales. Taxation of sales of other assets, including shares/stocks and securities. Calculation of income and income tax. Income calculation across various categories. Calculation of income from different sources. Deductions from individual income. Tax credits. Credit for tax paid abroad. Calculation of tax due. Determination of tax base and calculation of withholding tax. Advance tax payments. Lump-sum tax on recorded revenues. Fixed amount tax (karta podatkowa). Exemptions and reliefs. Tax exemptions. Deductions for social security and health insurance contributions and other deductions. Joint tax filing for spouses. Reliefs for single parents.

Corporate Income Tax (CIT):
Scope of Corporate Income Tax. Taxable entity and object of taxation. Tax year. Company tax residence. Taxation of residents and non-residents. Permanent establishment. Sources of revenue. Income subject to income tax. Transition from accounting result to tax result. Non-taxable revenues. Tax-deductible and non-deductible expenses. In-kind revenues. Depreciation allowances. Transfer pricing. Loss deductions. Calculation of income tax. Reliefs and deductions. Credit for tax paid abroad. Withholding tax. Revenue tax.

Social Security:
Obligations of the contribution payer. Contributions on employee remuneration. Contributions for non-employees. Health insurance contribution.

Value Added Tax (VAT) – Fundamentals:
Tax structure elements. Taxpayer. Object of taxation, taxable transactions. Tax base. Tax rates (including 0% rate and reduced rates). Tax calculation in international and intra-EU trade. VAT registration – obligation and procedure. VAT calculation basics. Tax point (chargeable event) and place of supply. Output tax. Input tax – right to deduct, exclusions, and limitations. Reverse charge mechanism. VAT refund. Documentation and compliance obligations. VAT invoice content. VAT records. VAT returns. Tax payment deadline. Split payment mechanism.

Classes / Seminars:
1. Personal Income Tax Workshops
- Examples of determining taxpayer, object of taxation, revenues and tax-deductible expenses, income and tax base, deductions from income, tax amount, and tax credits under various factual scenarios.
- Full tax settlement under various factual scenarios.
2. Corporate Income Tax Workshops
- Examples of determining taxpayer, object of taxation, revenues and tax-deductible expenses, income and tax base, deductions from income, tax amount under various factual scenarios.
- Full tax settlement under various factual scenarios.
3. Fundamentals of VAT Workshops
- Basic examples of determining taxpayer, object of taxation, tax base, input VAT and output VAT, mechanism of deducting input VAT from output VAT under various factual scenarios.
- Full tax settlement in the basic variant under various factual scenarios.