On December 10, 2020, the tax authorities issued an opinion (ref. DKP3.8011.15.2020) on the application of General Anti-Abusive Regulations (GAAR). The opinion was favourable for the applicants. What kind of activities was the subject of the opinion? Envisaged operations encompassed (i) share for share exchange, (ii) transformation of companies into limited liability partnerships and (iii) […]
Further significant changes to the TPR-C form
The Ministry of Finance[1] (MF) is not slowing down in carrying out work aimed, as declared, at more effective prevention of understatement of taxable income in the area of transfer pricing. Changes in TP introduced shortly before the end of the year are unfortunately becoming a tradition. This time, taxpayers filing transfer pricing information (TPR-C) […]
New anti-abusive regulations – tax losses
Most important amendment in CIT and PIT for 2021 was a change of personal income tax liability of partnerships. So far they were tax transparent but suddenly they become – or will become shortly – tax opaque. However, this is not only a negative modification of the Polish tax law introduced this year. It is […]
VAT in the CEE – the most important changes in 2021
Take a look at the changes: __ Poland SLIM VAT – changes in Poland as of January 2021 SLIM VAT is a package of changes which should make the VAT easy to use, adapted to the local specificity of the country in which it operates. The SLIM VAT package implements the changes to VAT as […]
SLIM VAT – changes in Poland as of January 2021
SLIM VAT is a package of changes that should make the VAT easy to use, adapted to the local specificity of the country in which it operates. The SLIM VAT package implements the changes to VAT as of January 2021. What is changing? Major amendments are easily described below. Simple invoicing The sale invoice corrections […]
Deadline for submission of first reports on applied payment dates in commercial transactions is approaching
Until 31 January 2021 certain CIT taxpayers are obliged to submit first reports on applied payment dates in commercial transactions. On 1 January 2020 provisions of the Act on amending certain acts in order to limit payment blockages introducing regulations mobilizing debtors to pay within the set deadline and discouraging them from imposing unjustified, extended […]
New obligation for 2021 – TAX STRATEGY
As of 2021 (i) taxpayers with revenues exceeding EUR 50M annually as well as (ii) tax capital groups are obliged to prepare and publicise information about tax strategy realized in the tax year. This in fact means the obligation of preparation of a tax procedure describing the process of carrying out tax compliance. We believe […]
2020 CIT / VAT review
In ASB tax projects and tax compliance is carried out either directly by licensed tax advisers from ASB Tax or by our accountants from ASB Poland with close supervision of ASB Tax. Should you wish us to review 2020 CIT / VAT settlements prepared for you by your accountants or check whether the possibility of […]