Tax Effects of Debt Remission Cover Image

Skutki podatkowe umorzenia wierzytelności
Tax Effects of Debt Remission

Author(s): Aleksandra Banach
Subject(s): Economy, Law on Economics, Fiscal Politics / Budgeting
Published by: Wydawnictwo Naukowe Uniwersytetu Marii Curie-Sklodowskiej
Keywords: debt; debt write-off; waivers; tax effects; Value Added Tax; income tax; liabilities;

Summary/Abstract: This article is focused on the issue of tax effects of waivers. There is no unequivocal and comprehensive analysis on this matter in the national legislation. Therefore, legal regulations must be found in various fields of law. The first part of the paper contains essential terminology to adequate understanding of the given issue. While the other part elaborates a set of legal solutions based on judgments and tax interpretations related to tax effects of debt write-off in Personal Income Tax, Corporate Income Tax, and Value Added Tax. The article aims at presenting what tax consequences arise in relation to the creditor as well as the debtor

  • Issue Year: 21/2018
  • Issue No: 38
  • Page Range: 9-19
  • Page Count: 11
  • Language: Polish