The Customs Department of the Ministry of Finance kindly informs that INTRASTAT statistical declarations for December 2021 may be submitted by the 15th day of the month following the reporting period. Submitting the statistical declaration for a given month between the 10th and 15th of the following month will not have any negative consequences for […]
The administrative fee waiver related to the official requests
The Ministry of Finance issued Financial Bulletin No. 35/2021, in which it waives the administrative fee for some requests. These are, for example, a request for remission of a fine for late submission of the tax return, a request for remission of interest on late payments or a request for remission of a fine for […]
Changes in INTRASAT reporting for DISPATCHES
As of 1 January 2022, entities submitting Intrastat declarations will face a change. Based on Regulation (EU) 2019/2152 of the European Parliament and of the Council of 27 November 2019 on European Economic Statistics, entities will be obliged to fill in additional data in DISPATCH declarations, i.e. information on the country of origin of goods […]
“The Polish Deal” lowered the limit for cash payments from PLN 15,000 to PLN 8,000
In the act dated on October 29, 2021, signed by the Polish President on November 15, 2021, amending the act on personal income tax, the act on corporate income tax, and some other acts, the so-called “The Polish Deal” was made also an amendment to the regulations of the Entrepreneurs’ Law, which cover a new […]
Tax calendar for December
To avoid any threat of penalties calculated based on late submissions, or late payments, we summarized the crucial deadlines for December that should be taken into consideration with respect to your business in the Czech Republic: Important dates in December are: 10.12. – Excise duty due date, excluding excise duty on alcohol for October 2021 […]
“The Polish Deal” and changes in the scope of the voluntary disclosure correcting SAF-T with declaration file
How is it now? As of October 1, 2020, the new electronic structure of SAF-T with declaration became effective for VAT taxpayers. The tax obligation provides for electronic submission of VAT settlements in one file, which simultaneously includes two structures – the declaration and the record parts. It means that a taxpayer who is correcting VAT […]
Lump-sum taxation – is this the moment to change your PIT settlements?
As of 2021, the legislator decreased the rates of lump sum PIT. For most of the taxpayers, it was not enough to change their PIT settlement method. However Polish “Governance” Act may be a deal-breaker in this respect – due to the introduction of 4.9% health insurance contribution calculated on actual income effective burden rate […]
Lack of document IE-599 and possibility to apply 0% VAT rate in the export of goods
According to the Polish VAT Act regulations, every taxpayer who exports goods asks himself: Is he entitled to apply a 0% VAT rate in the lack of IE-599 document? The issue seems to be obvious, but in our view, it may raise doubts. In connection with the Polish VAT Act regulations, export of goods means […]
The waiver of VAT on the supply of electricity and gas from 1 November to 31 December 2021
In connection with the several-fold increase in gas and electricity prices in recent months, the Minister of Finance issued a decision on the waiver of VAT on the supply of electricity and gas from 1 November 2021 to 31 December 2021. VAT is waived in cases of the supply, acquisition from another Member State, and […]
Change in CNB interest rates
The Czech National Bank released another decision to change the interest rates effective from 5 November 2021 as follows: the Lombard rate was increased by 1.25 % to 3.75 %, the Discount rate was increased by 1.25 % to 1.75 %, the two-week repo rate was increased by 1.25 % % to 2.75 %. The two-week […]