• Value of a transaction should be recalculated into PLN in line with exchange rate announced by the National Bank of Poland for last working day preceding the day of execution of the transaction or concluding the agreement.• The notion of “a transaction” in the context of loans should be understood as the highest amount […]
Robotization relief – current approach of the tax authorities
The robotization tax relief is a new form of support available as of 1 January 2022 to companies investing in robotization and automation of production. It provides for additional deduction from the tax base amounting to 50% of qualified deductible expenses. This means that in fact 150% of the given expense may be recognized for […]
Taxation of the donation in terms of VAT
The provisions of the Polish Order have raised doubts among taxpayers about VAT taxation of the transfer of a fixed asset purchased from a lessor for private purposes. According to them, fixed assets, after being taken out of a private lease, disposed of by means of a sale transaction within six years from the first […]
The deadline for fulfilling transfer pricing obligations for 2021 is getting closer and closer
We would like to remind you that the deadlines for completing transfer pricing obligations for 2021 are approaching. As a rule, the deadline should be 9 months after the end of the fiscal year; however, given the extended deadlines for the preparation and approval of financial statements, the deadline has been extended: to 30 September […]
What awaits us in the new tax year? – SLIM VAT 3 package consultation
Inter-ministerial arrangements and public consultations of another VAT simplification project, the so-called SLIM VAT 3, have recently been completed. The legislator plans to introduce most of the proposed solutions as early as 1 January 2023. The most important changes envisaged by the draft of the Ministry of Finance are: Change of limits for the small […]
Double taxation of intra-Community chain transactions is incompatible with the EU VAT Directive
On July 7, 2022, the Court of Justice of the European Union (CJEU) issued judgment No. C-696/20 in the case of B. v. Director of the Tax Chamber of W. concerning the so-called sanctioned intra-Community acquisition of goods (ICA). Subject matter and history of the dispute B. (‘the Company’) is a company established in the […]
Non-contractual use of the premises subject to VAT?
An unreliable tenant of service premises who uses it without a contract can be a real nuisance for the property owner. It can also be problematic in terms of value-added tax. On June 24, 2022, the Director of the National Tax Information (KIS) issued an individual ruling (reference number 0111-KDIB3-1.4012.151.2022.2.MSO) on VAT taxation of compensation […]
Real estate tax – increase by almost 12%
In 2023 real estate owners will face increase in real estate tax. The Minister of Finance regularly indexes the real estate tax rates based on increase in prices in the first half of the given year compared to the first half of the previous year, taking into account data published by the Central Statistical Office […]
Fight against VAT fraud in e-commerce – draft amendments to the VAT Act and the National Tax Administration Act.
Despite the holiday period, the legislature is not slowing down and is proposing further amendments to the Law on Value Added Tax and the Law on National Tax Administration. Consultations on the draft ended on August 23 this year, and the planned implementation date for the law is January 1, 2024. The proposed changes are […]
Applying the look-through approach when paying dividends to a holding company
The Director of the National Fiscal Information (so-called Director of KIS) issued an individual tax ruling with the reference no 0111-KDIB2-1.4010.128.2022.2.AR, confirming the possibility to apply the withholding tax exemption for dividends paid to a foreign holding company. According to the position of the Director of KIS, the look-through approach may be applied to verify […]