Non-EU established companies should appoint a Fiscal Representative to operate in most EU countries. The Fiscal Representative is required for entrepreneurs starting their operations in Poland. Exception! As of January 1, 2021, the British and Norwegian companies are exempt from the obligation to appoint a Fiscal Representative in Poland. This change was announced on February […]
Refinancing of employees’ remuneration should be taxed?
Entrepreneurs who received support under Article 15g/15gg of the Anti-crisis Shield may be obliged to pay tax on the additional taxable benefit in the amount of the received funds. According to the authorities refinancing of employees’ remuneration received from the Guaranteed Employee Benefits Fund (FGŚP) should be subject to CIT. According to the approach initially […]
General tax ruling of the Ministry of Finance on the qualification of fuel card transactions for VAT purposes
On 15 February 2021, the Ministry of Finance issued a general tax ruling regarding qualification for VAT purposes of fuel card transactions. The ruling confirms the theses of CJEU’s judgment of 5 May 2019 in the Polish case Vega International C-235/18, indicating premises allowing to distinguish a supply of goods among three entities (taxed with […]
NEW RULES IN THE SETTLEMENTS OF INVOICE CORRECTIONS FROM 1 JANUARY 2021
As of 1 January 2021, the changes in the VAT Act regulations related to the reporting of the invoice corrections so-called „SLIM VAT package” came into force. One of the most important implemented changes is related to the new method of invoice corrections reporting for the purpose of the VAT settlement. Unfortunately, the simplification as […]
Proposed amendments to the Act on Counteracting Money Laundering and Financing of Terrorism
On 19 January 2021, the Polish Parliament (the Sejm) received a government draft amendment to the Act on Counteracting Money Laundering and Financing of Terrorism aimed at implementing changes in AML directives. What is about to change? Changes to the Central Register of Ultimate Beneficial Owners (CRBR) Extension of the catalogue of entities obliged to […]
National e-Invoicing System (KSeF) from 1 October 2021
On 5 February 2021, the Polish Ministry of Finance proposed a draft amendment to the VAT Act, introducing to the Polish legal order the possibility to issue structured invoices as one of the permitted forms of documenting transactions. Application of structured invoices (e-invoices), in addition to commercially present paper invoices and electronic invoices, is to […]
JPK_FA Structure (Eng. SAF-T_Invoice)
Please be advised that each taxpayer running a business in Poland and keeping tax books, producing accounting evidence in electronic form is obliged to collect and transfer data in the form of the Standard Audit File structure, i.e. electronic structure. One of the mandatory structures for collecting and submitting data at the request of tax […]
The government plans to introduce a new tax – advertising contribution
The Ministry of Finance presented a draft bill introducing the new tax, referred to as advertising contribution. The tax will be imposed solely on particular types of activities – online advertising and traditional media business. Advertising tax in Europe By introducing this new charge Poland follows the example of a number of OECD and European […]
Proposals of tightening fiscal penal responsibility in Poland – suspension of the limitation period and increase of ticket fine
Suspension of the limitation period Currently, the length of limitation periods are: for fiscal transgressions: 1 year (regarding diminishment of tax receivables up to PLN 14k); for fiscal offences: 5 years (regarding diminishment of tax receivables exceeding PLN 14k), punishable by a fine, a penalty of restriction of liberty or penalty of imprisonment up to 3 years; for fiscal offences: 10 […]
New statistics on Advance Pricing Agreements (APA) applications
At the end of January, the Ministry of Finance (MF) published the most up-to-date statistics related to the Advance Pricing Agreements (APA) procedure. Updated as of 31 December 2020, the data summarises already 15 years of this legislation in Poland. For several years, the number of pricing agreements concluded by the MF with taxpayers has […]