VAT changes from 1 January 2021: On 26 August 2020 SK Government approved the proposal of the amendment to Act No. 222/2004 Coll. on VAT. The amendment transposes European law as regards certain value-added tax obligations for supplies of services and distance sales of goods, into local tax legislation. Proposed changes should come into force […]
Important amendments to CIT and PIT law in Poland
Please find below the most important changes which may affect your business in Poland: extending limited tax liability towards income from the sale of shares in real estate companies -> obligation of analysis of the structure of RE companies within 12 months prior to a transaction; partnerships (spółka komandytowa and spółka jawna in some cases) […]
CIT AND PIT IMPROVEMENT – LIMITED PARTNERSHIP COMPANY AS A CIT TAXPAYER
Limited partnerships are to become CIT taxpayers. This means that automatic compensation of income of one limited partnership with the loss incurred by another one at the level of partners of these entities will no longer be possible. Such structures will not be tax-effective anymore. This is the moment to consider other possibilities, to include […]
SLIM VAT – Changes, changes, changes…
The Ministry of Finance is intensively working on changes concerning VAT taxation. Despite numerous changes that entered into force from 1 January 2020 (Quick fixes, VAT rates matrix, changes concerning the so-called White List of VAT taxpayers)and changes that will enter into force from 1 October 2020 (so-called VDEK, complete change in the field of […]