- Entrepreneurs who donate to hospitals or municipalities affected by floods benefit from a zero VAT rate, but there is no income tax relief
- There is a discrepancy between VAT, CIT, and PIT regulations for donations
- Preferential VAT rules for flood donations were introduced with retroactive effect from September 12
- Donations of goods and services for flood relief are subject to a 0% VAT rate
- However, income tax regulations remain unchanged, causing confusion for donors
- Donors may face challenges in correctly accounting for donations due to differences in VAT, CIT, and PIT regulations
- There are no specific tax solutions for flood-related donations in income tax laws
- Organizations engaged in public benefit activities are eligible to receive donations under preferential VAT rules
- Entrepreneurs must be aware of the different rules for VAT, CIT, and PIT when making donations for flood relief.
Source: prawo.pl
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
