What is the INTRASTAT system? Intrastat is the statistical system enforced on 1st January 1993 in accordance with the need to control trade in goods within the European Union (EU) in a situation of removal of borders and customs formalities between the EU Member States when reporting obligations were withdrawn. Intrastat does not apply if […]
JPK VAT: the penalty for the mistake
Jaroslaw Szajkowski, Tax Manager at ASB Poland, speaks about JPK VAT in the interview with Rzeczpospolita. The Polish Ministry of Finance has once again postponed the date of introducing the new JPK file. Please find the full article in Polish on the RP website or contact our expert if you have questions: Jarosław SzajkowskiTax Manager – […]
BREXIT – EORI after January 1, 2021
In the case of entities registered in the United Kingdom, having an EORI number was related to transactions with third countries. However, due to the fact that the United Kingdom is leaving the European Union, it will be necessary to have an EORI number for further operation of entities. Therefore, entrepreneurs conducting transactions with European […]
EORI – what is worth knowing
Abbreviation of EORI (Economic Operators’ Registration and Identification) in other words, it is the EU system for verifying flows of goods to register and identify economic operators for customs purposes. This system operates in every member state of the European Union. Additionally, some changes are coming early in 2021, so read our article to know […]
SLIM VAT: The Ministry of Finance announced simplifications for taxpayers
The Ministry of Finance announced 16 July 2020 a package of changes to facilitate calculation and settlement of VAT. The aim of proposed changes is to make VAT easier, more modern, and adopted to the local reality, i.e. the high presence of small and medium-sized firms in Poland that settle their taxes on their own. […]
SLIM VAT – Simple, Local and Modern tax in Poland – new package
The Polish Ministry of Finance has started to listen to the business demands in the field of VAT simplification. SLIM VAT is a package of changes that will make the VAT easy to use, adapted to the local specificity of the country in which it operates. The assumptions for the changes were prepared for small […]
New EU tax package for fair and simple taxation
On 15 July the European Commission (EC) adopted a new tax package (Tax Package) to ensure that the EU tax policy supports Europe’s economic recovery and its long-term growth. The aim of the Tax Package is to reduce unfair tax competition and increase tax transparency through simplifying tax rules and procedures. The adopted Tax Package […]
The last moment to apply for a subsidy from Financial Shield
We remind that only until 31 July 2020 taxpayers may submit an application for a subsidy from Financial Shield for micro, small and medium-sized enterprises. At midnight on 31 July forms dedicated for subsidies from Polish Development Fund (PFR) will disappear from bank transaction websites – the Polish government has not decided to extend the […]
MDR: new deadlines and modified reporting rules
On 30 June 2020 new Regulation of the Minister of Finance on the extension of certain deadlines related to transfer of information on tax arrangements and exchange of tax information with other countries (the MDR Regulation) entered into force. The MDR Regulation also extends some of the deadlines set out in the Act of 28 […]
Quick Fixes in Poland
Please be informed that in Poland from 1 July 2020 with respect to the intra-Community supply of goods (hereinafter: “ICS”) and the right to 0% VAT rate the new VAT regulations so-called „Quick fixes” came into force. These changes follow from an amendment to EU Directive and EU Regulation governing VAT on intra-community transactions. In […]