The Ministry of Finance published the long-awaited interactive version of the TPR-C form. After nearly 150 pages of comments submitted during public consultations, taxpayers were provided with the final version of the document. TPR-C will have to be sent electronically to the Head of the National Revenue Administration for transactions with related entities for the […]
Vouchers form the VAT perspective from 1 January 2019
Further to the information presented in the previous issue of our Newsletter, we would advise you that the currently prepared amendment to the Czech VAT Act, which is to come into effect from 1 January 2019, has included the wording of the Council Directive (EU) No 2016/1065 (the “Directive”), which regulates the treatment of vouchers […]
Slovakia is implementing tax relief measures
Last week the Slovak government has taken measures to mitigate the effects of the coronavirus crises in the financial area. These measures have been approved by Slovak parliament on April 2nd, 2020, and come into force as of April 4th, 2020. The changes concern various tax regulations and are adopted due to the situation in […]
Anti-Crisis Shield – Summary of Implemented Solutions
On 1 April 2020 a package of bills and decrees, so-called “Anti-Crisis Shield”, entered into force. Below we present the most important solutions: SUPPORT CONCERNING EMPLOYERS, EMPLOYEES AND SOCIAL SECURITY CONTRIBUTIONS (ZUS) 1.Exemption from social security contributions (upon request) Exemption for small companies (up to 9 people registered for social security) from social security contributions […]
The reporting obligations postponement
In the last days, the Polish government published few regulations postponing various reporting obligations, aiming to relieve adverse COVID-19 effects: CIT-8 The deadline for submitting CIT-8 for most CIT taxpayers was postponed until 31 May 2020 (for-profit/loss generated in the tax year that ended in the period from 1 December 2019 to 31 January 2020). The due date […]
“Anti-crisis shield” – Polish government finally published draft bills
Polish government published on 26 March the so-called “anti-crisis shield” – a package of draft bills. Today (27 March) the Parliament is to vote on the projects. The proposed changes are aimed at protecting the labor market and improving companies’ cash flow. The size of the company and the type of industry will decide on […]
Fixed Establishment in Poland – new judgment of the Supreme Administrative Court
On February 26, 2020, the Supreme Administrative Court (SAC) issued a significant judgment, ref. I FSK 1313/17 to Voss Fluid GmbH seated in Germany regarding the Fixed Establishment (FE) existence of the German company which has commissioned the production on entrusted materials to Polish contractors. Background The German company operates in the mechanical engineering sector […]
How is Poland going to “treat” coronavirus among companies?
On 10 March 2020, the Minister of Development Jadwiga Emilewicz announced the introduction of a package of legislative changes aimed at protecting the Polish economy from the effects of the coronavirus epidemic. The changes, which are mainly targeted at (i) introducing public-law liabilities reliefs, (ii) improving companies’ cash flow and (iii) protecting and supporting the […]
Polish Ministry of Finance: another WHT postponement and “Estonian CIT”
During the event organized on 4 March by one of the chambers of commerce, the Deputy Minister of Finance raised that the Ministry of Finance (MF) plans to focus its work in the nearest future on: another suspension of the obligatory withholding tax remittance for transactions exceeding PLN 2 million (until the end of 2020), […]
Branch and Tax Identification Number – endless discussion
A branch of a foreign company is not obliged to identify itself with a separate Tax Identification Number (NIP). The conclusion is drawn from the verbal substantiation of the judgment of the Supreme Administrative Court (SAC or the Court) of 31 January 2020 (ref. no II FSK 509/18). The Court referred to another SAC’s judgment […]