Closing the tax year: tax reliefs and settlements in PSI/SSE should be verified now.
The end of march is the time when most companies intensify their work on finalizing CIT settlements. What else is worth verifying?
- R&D tax relief – identifying eligible activities
If a company is engaged in developing products or processes, it is worth analyzing the possibility of using the R&D tax relief. The key lies in the proper identification of eligible costs and maintaining appropriate documentation. The benefits include additional deductions of specific expenses and a significant reduction in tax liabilities.
- PSI / SSE – accuracy of settlements
Settlements related to the Polish Investment Zone (PSI) and Special Economic Zones (SSE) require a proper separation of results between exempt and taxable activities. In particular, it is important to ensure the correct calculation of exempt and taxable income, proper allocation of costs, as well as accurate annual reporting.
Why now?
With the approaching CIT filing deadline, this is a good opportunity to:
- identify potential irregularities,
- analyze the possibility of applying additional tax reliefs,
- confirm the correctness of documentation,
- establish proper reporting approaches.
If you need support with reviewing tax reliefs or zone-related settlements, the team of Łukasz Łebski (lukasz.lebski@thedy.pl), Director at Thedy & Partners, remains at your disposal.