Check whether you will pay the minimum tax
Please note that - after years of suspension - the minimum tax begins to apply for the first time (Article 24ca of the CIT Act).
Obliged to pay this tax will be entities that in 2024 incur a tax loss or whose share of income from a source of income other than capital gains in income from that source did not exceed 2%.
The tax base will be calculated for the purposes of this tax in a specific manner, with the taxpayer being entitled to choose one of two methods of determining it. The rate of the tax is 10%.
Given the unprecedented nature of this tax, we would like to propose:
- an analysis of the existing income and revenue structure in terms of the risk of taxing the activity with a minimum tax;
- a simulation of the calculation of the tax liability for the minimum tax (if the current revenue and income structure shows the risk of taxation);
- a preliminary recommendation on the choice of the tax base calculation method;
- an analysis of exemptions from taxation – in order to verify whether it is possible to benefit from the
- exemptions provided for (in 2024 and subsequent years), despite the fact that the prerequisites for taxation have been met;
- the consequences and entitlements associated with the actual taxation of the activity with a minimum tax.
If you are interested in our support – please contact us.