The Supreme Administrative Court has decided that it is the date when an invoice or a bill has been received and not the date when such invoice or bill was issued which is relevant for calculating the PLN amount of the expense borne in a foreign currency (II FSK 1440/09). The judgment is legally valid.
Thus, companies which purchase services or goods from foreign contractors may apply the exchange rate of the date when the invoice has been received in order to calculate the PLN amount of tax deductibles.

Contact: Małgorzata Lewandowska, mlw@pnplaw.pl