All posts by Krzysztof Wiśniewski

Krzysztof Wiśniewski

About Krzysztof Wiśniewski

Krzysztof Wiśniewski is a tax advisor and a lawyer. He headed a tax and accounting team in one of the largest financial companies in Poland, participated in projects related to the optimisation of settlements within capital, tax structuring, planning as well as optimisation benefits in the area of VAT and transfer pricing. He is the author of “Deductions and VAT Refunds” and articles about financial instruments, transfer pricing and eligibility of expenditure for the settlement of investment in SEZs etc. He has worked as a tax manager at BSS SA since 2011.

Are There Differences Between How Tax Regulations in Poland and IAS Treat Intangible Assets?

These days, there isn’t a company that would not acquire intangible assets. Tax regulations in Poland, just as in other European countries, define intangible and legal assets in a different way to accounting regulations. In addition to this, balance sheet amortisation can also be done in a different manner: independent of tax depreciation. So, in these cases, companies use depreciation rates as they are stipulated in tax regulations if this is possible, and legal. However, they do need to calculate a deferred tax, using the temporary differences between the accounting and tax depreciation and intangible assets value.  Continue reading Are There Differences Between How Tax Regulations in Poland and IAS Treat Intangible Assets?