The Ministry of Finance presented the “Cashless Taxpayer” program. These solutions shall enable the taxpayer to take advantage of the tax relief for the purchase and use of the cashless terminal plus will be entitled to a VAT refund within 15 days. There are two packages in the program – Silver and Gold. Silver package […]
“Polish Deal” – detailed solutions – Interpretation 590, VAT groups, VAT taxation of financing services
On 14 June Ministry of Finance presented details about some of the solutions included in, so-called, Polish Deal. We described the general assumptions of the program in the article – “Polish Deal” – the announcement of major changes in taxes. Service Center at the Ministry of Finance (Investor’s Desk) The Ministry of Finance is going […]
SLIM VAT 2 – the second installment of changes
The Ministry of Finance intensively works on changes concerning VAT taxation. Despite changes that entered into force from 1 January 2021 (➡ read more about SLIM VAT changes) further changes will be implemented to the domestic regulations in the next months as e-commerce regulations, National e-Invoicing System or new regulations related to the VAT group […]
WHT regime postponement in Poland
On 11 June 2021 draft regulations introducing the postponement (for the sixth time!) of the mandatory WHT pay-and-refund regime until 31 December 2021 were published on the RCL website. As the Ministry of Finance clarifies, the postponement results from the exceptional conditions of the COVID-19 pandemic, which makes it unreasonable to burden payers and taxpayers […]
Import One-Stop-Shop (IOSS)
Since July 1, 2021, new EU VAT regulations the so-called e-commerce package related to the supplies for EU consumers will enter into force in the territory of the European Union (EU). As a result of the changes, VAT exemption for the import of goods in shipments with a value not exceeding EUR 22 will be […]
The Act – Slim VAT 2 has been introduced to the Parliament
The government draft act amending the goods and services tax act and banking law has been introduced to the parliament. The bill is in line with the tax changes successively introduced by the Ministry of Finance. The aim of the proposed solutions is to simplify the settlement of VAT by taxpayers – the so-called Slim […]
VAT groups – new rules of VAT settlements for Polish entrepreneurs
The Ministry of Finance has just launched pre-consultation of the draft amendments to the VAT Act introducing a new solution in the form of the VAT Group into the Polish tax system. The new structure will be available to Tax Capital Groups (PGK) within the meaning of the CIT Act and foreign entities related to […]
Poland – a new model of e-invoices and the National System of e-Invoices – KSeF
The Polish Ministry of Finance has published a draft amendment to the Polish VAT act, which introduces structured invoices – a new type of electronic invoice (hereinafter: “e-invoice”) – and the National System of e-Invoices so-called KSeF. The amendment is planning to be entered into force as of October 1, 2021. The e-invoice is intended […]