In the recent 20 years, CEE countries have been increasingly attracting the attention of investors from the real estate sector worldwide. The answer to the question “why?” becomes quite obvious when you dig into details of the level of yield in particular countries of Europe. Investors prefer to locate their funds in our region since […]
Comparison of CIT-TP and TPR – Part 1: General information
The purpose of this publication is to summarize basic differences between CIT-TP form (submitted by larger taxpayers in recent years) and its new equivalent – TPR form. A wider range of related parties will be required to submit the TPR form. In the publication, we compare the two forms based on regulations of the Corporate […]
Changes in PIT, CIT, VAT and Tax Ordinance Act – to make everyone’s life better
On 6 May 2020 the Parliament (the Sejm) adopted a draft bill amending PIT, CIT, VAT Acts, and the Tax Ordinance Act. Among proposed changes are in particular: the possibility of making payments on bank accounts not indicated on the so-called White List and adapting the PIT and the CIT Acts to the Polish Classification […]
Promoting R&D – Poland| Slovakia | The Czech Republic | Hungary
For a few latest years, many developed and developing countries have been promoting R&D activities. The surge in R&D expenses is however not unexpected – most economists agree that this is the only way to avoid the middle-income trap. Leaders in this field in 2018 were: Israel, South Korea, Taipei, Sweden, and Japan: R&D in […]
Anti-Crisis Shield 3.0 already in force
The so-called Anti-Crisis Shield 3.0 regulations have entered into force on 16 May 2020. Please find below a summary of the most important changes. SOCIAL SECURITY CONTRIBUTIONS Extension of the exemption – individuals conducting business activity and paying social security contributions will be allowed to benefit from social security contributions’ exemption for April and May […]
Taking into account the issued corrective tax invoices in VAT returns
A new amendment to Act No. 235/2004 Coll. on value-added tax will come into effect as of 1 April 2019. This amendment permits, among others, to take into account issued corrective tax invoices (credit notes) in VAT returns. Within the time limit for the issue of the relevant tax document, the payer shall use appropriate […]
Investing in CEE region – Poland / Slovakia / Czech Republic / Hungary
Poland, Slovakia, the Czech Republic, and Hungary are key CEE countries, attracting investments from all over the world. And although one would expect that it would be Poland – the biggest economy, country, and nation among CEE countries – who will excel, yet it seems that foreign investors prefer rather Slovakian, Czech or Hungarian economy. […]
A subsidiary does not always give rise to a fixed establishment under the VAT regime
On 7 May 2020, the Court of Justice of the European Union (hereinafter referred to as “CJEU”) passed a significant ruling in the Polish case C-547/18 Dong Yang Electronics indicating a direction in determining a fixed establishment (hereinafter referred to as: “FE”) for VAT purposes. The background of the case The background to the request for […]
Anti-Crisis Shield 3.0 – to be continued
The government’s bill on the new aid program as part of anti-crisis regulations (the so-called Anti-Crisis Shield 3.0) is now going to be discussed in the Senate. SOCIAL SECURITY CONTRIBUTIONS Extension of the exemption – individuals conducting business activity and paying social security contributions will be allowed to benefit from social security contributions’ exemption also when […]
Anti-crisis Shield 2.0 – complementary package
The so-called Anti-Crisis Shield 2.0 extending provisions of the earlier Anti-crisis shield (referred to on our blog) entered into force on 18 April 2020. Below we present the most important implemented changes: Refinancing under the so-called downtime The possibility of granting the stoppage benefit – to be granted, the entrepreneur has to show that the […]