Given the specific nature of the energy and fuels industry, the tax law imposes certain procedures on entities operating in this sector. Businesses must pay close attention to the tax regulations to comply with the tax rules related tosuch activities, i.e. particular moment when the VAT and CIT obligations arise as well as taxation with excise tax.
As part of our services, we advise on the rules governing recognition of taxable revenues from supplies of fuels, electric power, heat and piped gasand from transmission services. Our services also include qualification of costs incurred by companies, in particular costs of damages and contractual penalties. Furthermore, we provide advice on the rules ofdepreciation / amortisation and treatment of bad debts.
Our experience developed inthe course of provision of services to the participants of the energy and fuels industry allows us to identify problems businesses face and to respond to their needs relating to financing of planned investments and day-to-day operations. Our team provides on-going services to entities from this sector and conducts comprehensive tax reviews and audits according to our clients’ requirements.