Information on the implemented tax strategy
I. Introduction
This information serves the purpose of execution by QUIZA Sp. z o.o. (of which QUIZA S.A. is the legal successor) of the obligation set forth in Article 27c of the Corporate Income Tax Act of February 15, 1992 (Journal of Laws 1992 No. 21 item 86, as amended) to prepare and make public information on the tax strategy implemented for the fiscal year.
It includes information on the Company's implemented tax strategy for the fiscal year running from July 1, 2022 to May 31, 2023.
II. Information about the Company
QUIZA Sp.z o.o. as of 31.05.2023 was registered in the National Court Register kept by the District Court in Gdańsk, VIII Economic Department of the National Court Register under the number 0000121918and conducts business at 81-577 Gdynia, 49 Rdestowa Street, NIP 5860018462, REGON 190274610.
The company's object is:
1. wholesale of fruits and vegetables (PKD 46.31. Z),
2. other processing and preservation of fruits and vegetables (PKD 10.39 Z),
3. wholesale of other food, including fish, crustaceans and molluscs (PKD 46.38Z)
4. road transport of goods (PKD 49. 41.Z),
5. storage and warehousing of other goods (PKD 52.10.B),
6. cargo handling at other transshipment points ( PKD 52.24.C),
7. rental and management of own or leased real estate (PKD 68.20.Z),
8. management of real estate performed on commission (PKD 68.32.Z).
QUIZA's core business is the comprehensive supply of fresh bananas. The company is one of the leading distributors of branded bananas. It specializes in importing QUIZA brand bananas, logistics, ripening and distribution.
Quiza's long-term development plan includes steady and stable growth, in line with market trends and increasing demand from strategic customers.
During the fiscal year, the Company continued its existing operations, which focused on:
- Importing bananas of the highest quality,
- Temperature-controlled transportation of fruits by sea and land,
- ripening bananas based on the world's most advanced technology,
- Directly supplying distribution centers of retail chains in Poland and abroad.
III. Information on the taxpayer's processes and procedures for Management of the performance of obligations under the tax law and the voluntary forms of cooperation with the National Tax Administration authorities used by the taxpayer, including:
1) Information about the taxpayer's processes and procedures for managing the performance of its obligations under the tax law and ensuring their proper implementation
The company has processes and procedures in place to manage the fulfillment of its tax law obligations and ensure their proper execution. These are developed over many years of practice and serve to mitigate the company's tax risks.
The processes and procedures implemented are adapted to the nature, size and structure of the company and the functions it performs, as well as the delegation of some of the functions related to the implementation of tax obligations to an external entity providing services to the company, which performs them in accordance with applicable laws, based on personnel with the appropriate qualifications and skills.
The company implements processes related to tax settlements in multiple stages involving substantive employees of the company (sales/purchasing, management) as an external entity performing functions related to accounting and tax services.
The rules of conduct developed by the company in daily practice ensure:
- identification of tax risks,
- Proper circulation of accounting documents including multi-stage control of documents,
- The correct determination of the value of the tax liability,
- Timely submission of tax returns and information,
- Timely payment of tax liabilities.
The purpose of the procedures developed and applied by the company is for the company to exercise due diligence and ensure the correct application of tax laws.
The company has written procedures covering:
- The company's accounting policy,
- VAT due diligence procedure covering the principles and steps of formal and material verification of contractors. The purpose of the implemented procedure is to minimize commercial and legal and tax risks.
- The procedure for issuing, correcting and cancelling VAT invoices. It contains both general rules for issuing invoices and special rules related to this obligation. In accordance with the current regulations, it specifies the necessary elements of an invoice, defines the obligation or lack thereof related to the insertion of an invoice, as well as the prerequisites for issuing a correction invoice.
2) Information on voluntary forms of cooperation with the authorities of the National Tax Administration
The Company did not undertake any voluntary forms of cooperation with the National Tax Administration authorities in the fiscal year running from July 01, 2022 to May 31, 2023.
At the same time, the company, in the event of inquiries addressed to it by the tax authorities, particularly in the course of verification activities, shall provide explanations to the best of its knowledge in accordance with applicable laws.
Information regarding the taxpayer's performance of tax obligations on the territory of the Republic of Poland, together with information on the number of information provided to the Head of the National Tax Administration on tax schemes, referred to in Article 86a § 1 item 10 of the Tax Ordinance, broken down by the taxes to which they relate
QUIZA Sp. z o.o. has its registered office and conducts business activities on the territory of Poland.
The Company fulfills its obligations under tax laws within the required timeframe and in the correct amount. In particular:
- submits tax returns, information and statements within the proper time limits,
- calculates the due value of tax liabilities,
- timely pays all due taxes to the accounts of the relevant tax authorities,
- does not enter into transactions that could give rise to significant tax risks or that are aimed at aggressive tax optimization.
- During the fiscal year running from July 1, 2022 to May 31, 2023, QUIZA Sp. z o.o. fulfilled its tax obligations as a taxpayer/payer for the following taxes:
- Value Added Tax (VAT),
- corporate income tax (CIT),
- Personal income tax (PIT)-as an advance tax payer in connection with the payment of salaries to employees,
- transportation tax,
- customs.
In the fiscal year running from 01.07.2022 to 31.05.2023, the Company did not report to the Head of the National Tax Administration any tax scheme referred to in Article 86a.
§ 1 item 10 of the Tax Ordinance.
Information on transactions with related parties within the meaning of Article 11 a(1)(4) of the Corporate Income Tax Act, the value of which exceeds 5% of the total balance sheet assets within the meaning of the accounting regulations established on the basis of the company's approved financial statements, including entities that are not tax residents of the Republic of Poland
According to the company's approved financial statements prepared as of May 31, 2023, total assets amounted to PLN 93,421,925.
In the fiscal year running from 01.07.2022 to 30.05.2023, the Company carried out goods and services transactions with a domestic related party, the value of which exceeded 5% of the balance sheet total, i.e. exceeded the value of PLN 4,671,096.25.
Information on restructuring activities planned or undertaken by the taxpayer that may affect the tax liability of the taxpayer or related parties, as defined in Article 11a (1) (4) of the Corporate Income Tax Act.
In the fiscal year running from 01.07.2022 to 30.05.2023, the Company did not plan or undertake restructuring activities that may affect the tax liability of the taxpayer or related parties within the meaning of Article 11a (1) (4) of the Corporate Income Tax Act.
Information on filed applications for general tax interpretations referred to in Article 14a § 1 of the Tax Ordinance
In the fiscal year running from 01.07.2022 to 31.05.2023, the Company did not file any applications for a general tax interpretation, as referred to in Article 14a § 1 of the Tax Ordinance.
Information on filed applications for tax law interpretations referred to in Article 14b of the Tax Ordinance.
In the fiscal year running from 01.07.2022 to 31.05.2023, the Company did not file any requests for interpretations of tax regulations, as referred to in Article 14b of the Tax Ordinance.
Information on applications submitted for obtaining binding rate information, as referred to in Article 42a of the Value Added Tax Law.
In the fiscal year running from 01.07.2022 to 31.05.2023, the Company has not made any requests to obtain binding rate information, as provided for in Article 42a of the Value Added Tax Law.
Information on applications submitted by the company to obtain binding excise information, as referred to in Article 7d(1) of the Excise Tax Law
In the fiscal year running from 01.07.2022 to 31.05.2023, the Company did not file any applications to obtain binding excise information, as referred to in Article 7d(1) of the Excise Tax Law.
Information on making tax settlements of the taxpayer in territories or countries practicing harmful tax competition indicated in the executive acts issued on the basis of Article 11j paragraph 2 of the Corporate Income Tax Act and on the basis of Article 23v paragraph 2 of the Personal Income Tax Act, as well as in the announcement of the Minister responsible for public finance issued on the basis of Article 86a § 10 of the Tax Ordinance
In the fiscal year running from 01.07.2022 to 31.05.2023, the Company did not make any tax settlements in territories or countries practicing harmful tax competition as defined in the regulations issued on the basis of Article 11j(2) of the CIT Act and on the basis of Article 23v(2) of the Personal Income Tax Act of July 26, 1991, and in the Announcement of the Minister responsible for public finance issued on the basis of Article 86a § 10 of the Tax Ordinance.
Specifically, in the aforementioned territories and designated countries, the Company in the fiscal year running from 01.07.2022 to 31.05.2023:
- was not registered for tax purposes,
- did not file tax returns or forms,
- did not collect and pay taxes.
