British Polish Chamber of Commerce

Practical implications, obligations and potential issues that may arise from the new regulations

Effective from 1 January 2021 CIT amendments will enter into force as the next step in the EU plan to take decisive action against tax avoidance practices.

Provisions implementing the ATAD 2 directive are aimed to counteract tax optimization using hybrid arrangements. In some cases, the new regulations may result in the exclusion of tax-deductible costs arising from payments to foreign associated enterprises but also to third parties as part of a structural arrangement. Similar changes have already been introduced by other EU Member States. In practice, their application may require the taxpayer to review the treatment of specific payments and counterparties in light of foreign tax regulations.

During the webinar, which is free to attend, we will focus on practical case studies and offer examples illustrating application of the new regulations. We will identify situations where hybrid mismatches may occur, in addition to examining potential issues that may arise from the new provisions.

Agenda:

• Key definitions introduced in the new Chapter 3a of the CIT Act.

• Situations resulting in refusal of the right to recognize costs (double deduction, deduction without taxation).

• Circumstances where hybrid mismatches occur.

• Circumstances where additional revenues have to be recognized.

• Key implications and potential issues that may arise from the new regulations.

• Practical guidance on how to ensure compliance with the hybrid arrangement regulations

Who should attend?

The webinar is addressed mainly to board members, CFOs, CTOs, accounting staff and those in charge of the tax reporting process in your organization.

Please fid more information & registration here

*The webinar will be held in Polish.