About us:
PricewaterhouseCoopers is one of the leading companies engaged in comprehensive tax advisory services in Poland. At present, our Tax Department employs more than 260 persons, majority of whom are experienced consultants and licensed tax advisors.
In particular, our Team has extensive experience related to tax services rendered with regard to numerous economic undertakings conducted by chemical, oil & gas companies in Poland. Within the Team, we combine specific knowledge regarding business operations of chemicals, oil & gas sector in Poland together with tax expertise, as well as wide practical experience in implementation of our solutions in accordance with our Clients’ needs and expectations.
Our experience:
- Taking into consideration the specific nature of business of our clients in the chemicals, oil & gas sector, we have presented them with analysis concerning the obligatory requirements on recycling of packaging as well as the product and deposit fees
- We presented companies trading in pesticides and varnishing products (in the context of the regulations concerning paying deposits on packaging for hazardous substances) with our remarks on the classification of their products, interpretation of the trading principles on individual levels – together with a suggested method for settling the said issues in its relations with its trade partners.
- In respect of chemical manufacturing companies applying for so-called sector / integrated licenses associated with the emission of harmful substances into the environment, we assessed the business activity scenarios of the said entities for compliance with the environmental protection regulations. We analyzed the payment of environmental fees, administrative fines, etc. by chemical companies in the context of the third section of the Tax Ordinance and the structure of the clients’ cash flows, with a view to obtaining favorable decisions regarding payments.
- Within the context of the implementation of a system for trading in rights to emit greenhouse gases in the European Union, we carried out cross-border advisory projects for EU companies, which related to operational and tax aspects of the emission trading system being designed, with particular emphasis within the Polish tax context. These projects were prepared in co-operation with PwC’s foreign offices which are involved in matters related to emission trading.
- We have analyzed investment expenditures incurred by companies from chemicals, oil & gas sector on the construction of plants and warehouses, suggesting, among others, tax optimization scenarios with regard to Corporate Income Tax and VAT, which also took into consideration the need to simplify the tax structures and documentation procedures to a minimum.
- We have the specific knowledge and experience in the individual sub-sectors of the chemicals, oil & gas industry. In particular, as part of our services we have carried out the following comprehensive projects for PwC’s clients, which have been aimed at the following:
- optimizing their tax position/mitigating possible tax risks with regard to the VAT rates applicable to the sale of chemical products;
- developing/implementing tax-effective business structures enabling our clients to use various sales support instruments [such as, among other things, providing advertising stands, paint mixers, all sorts of economic incentives (e.g. bonuses, discounts, etc.)];
- the classification (for excise duty purposes) of products which have excise duty components and the treatment of the production/distribution of the said components in respect of excise duty.
- We have been commissioned by the companies operating in the chemicals, oil & gas sector to develop tax-effective scenarios/models of the deliveries of selected goods to Poland and their subsequent distribution in the territory of our country or abroad (using such tools as, e.g. agency structures, consignment sale, etc).
