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 […]
Minimum income tax more taxpayer-friendly
The minimum income tax, introduced in the CIT Act as of January 1, 2022, from the beginning has raised doubts and controversy among taxpayers. Recently, however, there has been hope for business conducted in Poland to change the unfavorable regulations. The Minister of Finance has published a draft law that postpones the application of the […]
Extension of so-called Anti-inflation Shield to 31st October 2022
On 14th July, the President signed law of 7th July for crowdfunding for domestic businesses and assistance for borrowers. In this law it is possible find provisions regulating credit holidays, but also the extension of the so-called Anti-inflation Shield. As a reminder, with the start of the year, legislation was introduced to reduce VAT rates […]
Advance payment: No possibility of extending the deadline for applying the 0% rate
The six-month armed conflict in Ukraine changed not only the European Union’s approach to energy and food policy, but also revealed the lack of specific legal solutions in the field of tax issues. At the beginning of March this year – an application was submitted to the Director of the National Revenue Administration so-called KIS […]