This judgement of the European Court of Justice (ECJ) dealt with an important issue relating to the free movement of capital within the European Union. The case concerned a Polish law that restricts the tax exemption for internally managed collective investment undertakings (CIUs) from other EU countries to those managed by external entities. The said tax exemption was denied for CIUs that are managed internally. This restriction was contested as incompatible with EU law, in particular with the free movement of capital.

What are the most common errors in corporate income tax (CIT) treatment? And what controls can be used to avoid them? Episode 43 of PwC’s Tax Podcast features PwC tax director Irena Arbidane and senior consultant Tatjana Klimovica discussing the impact of common CIT errors on companies and exploring tax risks associated with management and consulting services.

The CIT Act requires companies to assess whether they have incurred expenses in acquiring and maintaining a luxury executive vehicle (LEV) for each tax period. This article explores how to determine the value of an LEV and what costs are chargeable to CIT, as well as looking at the new CIT treatment effective from 1 January 2024 of LEVs that are used for a long time.