On May 16, 2022, the Covid epidemic state in Poland was revoked and replaced with a state of epidemic threat. This may affect the taxpayers tax settlements, in particular in the field of PIT, CIT and VAT. Some of the simplifications introduced on the basis of the so-called Anti-crisis Shield will cease to apply from […]
Tax calendar for May
May Day, love time, but also a very important deadline for an electronic filing of income statements of persons and companies. It applies to persons and companies that are not subject to mandatory audit of financial statements, or their tax returns are not filed by a tax advisor. Even this term, however, may not be […]
Advances provided in foreign currencies – statement of the Supreme Administrative Court
Last year, we informed you about a dispute concerning the duty to revaluate advances for the acquisition of assets paid in foreign currencies. Now, the decision of the Supreme Administrative Court (SAC) is already available, quoting, among other things, the Interpretation of the National Board of Accountants (NBA) I-43 approved in October 2020. The dispute […]
Closer to the obligatory National e-Invoice System (KSeF)
On March 30, 2022, the Ministry of Finance announced that there is a consent of the European Commission for the obligatory structured invoice (e-invoice) in Poland, so-called the obligatory KSeF system. Based on the proposal, the European Commission prepared and submitted to the EU Council a draft of the derogation decision authorizing Poland to implement […]
The planned extension of transfer pricing deadlines
The expected bill with changes to the deadlines for fulfilling transfer pricing obligations in CIT and PIT has reached the Sejm. The presented proposals specify the extension of the deadlines: until 30 September 2022 for TP obligations with a deadline between 1 January 2022 and 30 June 2022, by 3 months for TP obligations with […]
Increase in minimum living and subsistence wages from 1st April 2022
As of the 1st April 2022, the government raised, as an extraordinary measure, the levels for the minimum living and subsistence wages by 10%. According to a government statement, the 10% increase reflects the estimated growth in consumer prices of essential costs for groceries and other basic needs. Czech legislation defines the living minimum wage […]
Tax calendar for April
The first day of April is one of the most important dates. On this day is the last chance of the filing of income tax returns and tax payments for the previous calendar year. If the tax return is not submitted electronically, or by the tax advisor and, in addition, legal entities have no obligation […]
Poland – Positive ruling of the Supreme Administrative Court with respect to preferential 50% costs
The Supreme Administrative Court in Poland agreed with a taxpayer that royalties from copyrights may be determined as a lump sum. Should you have considered introducing preferential costs amounting to 50% of revenues for creative employees, there has never been a better moment. Please contact our experts who will support you in the preparation of […]
The new version of the SAF-T_Invoice (4) structure!
What’s important a new logical structure was published in the electronic form of tax books and accounting documents, concerning the Standard Audit File for VAT invoices – SAF-T_Invoice (4); it applies from April 1, 2022; informative brochure on the new version of the new VAT structure – SAF-T_Invoice (4) was published on the MF website […]
The obligatory split payment mechanism extended for the next 3 years
The Ministry of Finance (MF) announced the extension of the consent of the European Commission (EC) for the obligatory split payment mechanism for the next 3 years. The EC has agreed to extend the use of a split payment mechanism in Poland, i.e., from March 1, 2022, to February 28, 2025. In connection with the […]