What services does a tax advisor in Poland offer and why should international investors take them into consideration?

For foreign investors looking to tap into the Polish market, understanding the local tax system can be a formidable challenge. Poland’s dynamic regulatory environment, coupled with frequent changes and complex interpretations of tax laws, poses a risk of costly errors. This is where the expertise of a Polish tax advisor comes into play. A tax advisor not only helps international businesses navigate through these complexities but also ensures compliance and fiscal efficiency.

Incorrect tax settlements can cost a business not only significant amounts of money but also its peace of mind and its’ security. Navigating constantly changing regulations, interpreting complex tax laws, and facing tax audits are daily challenges that can detract from focusing on core business activities. A Polish tax advisor addresses these issues by thoroughly analyzing tax obligations, providing optimal tax planning solutions, and representing businesses before tax authorities when necessary.

This article is designed to outline the range of services offered by tax advisors in Poland and to highlight the specific benefits for foreign investors of teaming up with an experienced tax professional.

Whether you are considering an investment or are already established in the Polish market, the understanding of the role of a tax advisor stays crucial for maintaining compliance with the rules and optimizing your investment returns in Poland.

Which tasks a Polish tax advisor takes on?

A tax advisor in Poland is a licensed professional who must pass a state exam and be registered on the official list of tax advisors. Their expertise goes far beyond basic tax consultancy – they offer comprehensive support, from interpreting regulations to representing clients before tax authorities.

Key services provided by a Polish tax advisor

• Tax consultancy and legal interpretation

A tax advisor ensures that a company meets all tax requirements, explains complex regulations, and identifies the best legal ways to optimize taxes. They also assist in filing tax returns and represent taxpayers in procedures with tax offices.

• Tax optimization

By using legal mechanisms, a tax advisor helps businesses reduce their tax burden either by taking advantage of tax reliefs or by an adaptation of the corporate structure. By taking advantage of these benefits the entrepreneur pays less taxes without confronting obliging law, including amongst others the utilization of tax reliefs- and – exemptions, but as well drawing on advantageous tax interpretations.

• Tax audit

A tax audit helps detect errors in tax settlements before they are identified by the authorities, preventing costly corrections and penalties.

• Representation before tax authorities and administrative courts

A Polish tax advisor is authorized to represent clients in disputes with tax offices, both at the administrative level and in court proceedings. Their expertise can significantly influence case outcomes, helping taxpayers avoid fines and recover funds.

• Support in company restructuring and transformations

A tax advisor analyzes possible legal and tax models for restructuring a company to improve efficiency and reduce tax burdens. Doing so he analyses different legal and tax models allowing to take the proper decision.

• International tax settlements and VAT in the EU

Expanding business abroad entails new tax obligations. A tax advisor ensures avoidance of double taxation, enables proper VAT reconciliation as well as supervision of the compliance with all EU tax regulations.

• Accounting and tax bookkeeping

Some Polish tax advisors also offer accounting services, providing comprehensive financial management to avoid the need for a separate accounting office. However, it is essential to distinguish between tax advisors and accountants, as these are two different professions with complementary competencies.

Why use the services of a tax advisor in Poland?

Collaborating with a tax advisor is an investment that translates into tangible financial and legal benefits. The key advantages speaking in favor of calling in a tax adviser include:

• Legal security – Poland’s tax system is complex, and frequent regulatory changes increase the risk of errors. A tax mistake in the reports can result in significant penalties. A tax advisor helps prevent such risks while identifying legal ways to reduce tax burdens.
• Tax optimization – A tax advisor leverages knowledge of tax laws, reliefs, and provides strategies to efficiently manage tax obligations, ensuring businesses pay only what is legally required.
• Time savings – Understanding tax laws and filing tax returns can be time-consuming; efforts the entrepreneur better invests into the development of his company. A tax advisor handles these responsibilities, allowing business owners to focus on growth.
• Assistance in dealings with tax authorities – Communicating with tax offices can be stressful and time-intensive. A tax advisor acts as a legal representative, responding to tax office inquiries and protecting the client’s interests during audits.
• Avoiding unnecessary costs and penalties – Errors in tax settlements can lead to financial penalties. Professional tax advisory minimizes the risk of such situations, preventing unnecessary expenses related to corrections and penalty charges.

How to choose the right tax advisor in Poland?

A competent Polish tax advisor is an investment that pays off. Selecting the right tax advisor requires assessing their experience, service scope, and reputation. Before engaging their services, it is essential to verify their official qualifications and registration on the list of tax advisors.

Specialization is also crucial — some advisors focus on specific industries or tax practices, which can be decisive for the needs of an enterprise. Recommendations from other entrepreneurs, online reviews, and a proven track record in similar cases of the tax adviser are additional criteria for the assessment of a tax advisor’s competence.

For more details on verifying a tax advisor’s credibility, read our article: How to verify the credibility of a tax advisor in Poland?

Conclusion

A tax advisor in Poland is not just an expert in tax regulations but also a strategic partner who can effectively reduce tax burdens and protect businesses from making costly mistakes. Working with a tax advisor minimizes tax audit risks, saves time, and enhances security for the entrepreneurial interests. When choosing a tax advisor, it is important to evaluate their experience, specialization, and ability to represent clients before tax authorities effectively.

The ideal solution is a situation in which an accountant actively monitors the company’s operations, stays engaged and closely cooperates with a tax advisor in Poland. This allows him to effectively highlight key financial and operational aspects that may require consultation with a Polish tax advisor. Such a proactive approach enables early identification of potential challenges and helps prevent committing costly mistakes, ultimately ensuring greater security and an optimal tax situation of the company.

If you have any further questions or require additional information, please contact your business relationship person or use the enquiry form on the HLB Poland website.

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