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Corporate Income Tax (CIT)

TLA Kancelaria > Specializations > Corporate Income Tax (CIT)

Professional legal advisory services in the area of CIT taxation

The settlement of CIT is becoming increasingly complex year by year. Proper filing of tax returns requires not only knowledge of the ever-growing number of regulations (including the tax on shifted income and minimum corporate income tax)
but also
an understanding of tax guidelines explaining how these regulations should be applied according to the tax administration.

Areas in which we support our Clients
Tax Review
CIT Calculations
Ongoing CIT Advisory
Tax on Shifted Income
Estonian CIT
Minimum Corporate Income Tax
Debt Financing Costs
Kobieta używając pióra zaznacza punkt na wykresach znajdujących się na kartkach papieru
Tax Review
  • We verify the accuracy of tax settlements for a selected period
  • The review is conducted based on questionnaires and matrices provided to clients, aimed at identifying sensitive areas
  • We identify significant risk areas in tax settlements
  • We recommend actions to mitigate and/or minimize potential tax risks
  • We analyze the possibility of utilizing tax savings, such as reliefs, hypothetical interest deductions, etc.
  • We prepare a summary report covering these matters
  • We provide guidance on correctly completing the CIT-8 declaration along with attachments
  • We outline the principles for determining the ratio and cost allocation for entities operating in SEZs and IPAs and verify the accuracy of income allocation between exempt and taxable categories
Verification of Calculations
  • We analyze the accuracy of the transition from accounting profit to taxable profit using data from the trial balance
  • We review the Client's non-deductible expenses and non-taxable revenues utilizing matrices provided by us
Stos monet ułożonych na banknotach polskich w pionie
Zegar z funkcją budzika ustawiony na tle białego kalendrza

Ongoing CIT Advisory

  • We assist with ongoing CIT-related matters, including issues related to the initial value of fixed assets, depreciation, and classification of expenses as tax-deductible costs, timing of cost/revenue recognition, foreign exchange differences, etc.
  • We assist in obtaining tax rulings regarding CIT
  • We prepare guidelines (so-called CIT procedures) detailing step-by-step how to handle CIT settlements
  • We help identify tax savings, such as tax reliefs
  • We offer training on CIT
  • We represent Clients in audits and disputes related to CIT

Tax on Shifted Income

  • We verify whether the Client is subject to the obligation to pay the tax on shifted income
  • We prepare the necessary documentation to safeguard against the payment of this tax
  • We assist in calculating the tax on shifted income
  • We support obtaining tax rulings related to the tax on shifted income
  • We provide guidance on correctly completing the CIT-PD declaration
  • We offer ongoing advisory services regarding the tax on shifted income

Estonian CIT

  • We verify the possibility of utilizing the Estonian CIT
  • We calculate the profitability of the Estonian CIT compared to the current taxation method
  • We assist in identifying hidden profits
  • We offer ongoing advisory services regarding the Estonian CIT
  • We help in obtaining tax rulings related to the Estonian CIT

Minimum Corporate Income Tax

  • We verify whether the obligation to pay the minimum corporate income tax applies
  • We assist in correctly calculating the amount of the minimum corporate income tax
  • We offer ongoing advisory services regarding the minimum corporate income tax
  • We help in obtaining tax rulings related to the minimum corporate income tax

Debt Financing Costs

  • We identify expenses subject to limitation
  • We determine the threshold for liabilities not subject to restriction in recognizing them as tax-deductible costs
  • We assist in settling debt financing costs over the next 5 fiscal years within the limits available for those years
  • We support in obtaining tax rulings related to debt financing costs