Since 15 November 2021, each VAT payer must notify the Tax Administration of the bank account numbers (domestic and foreign) used to receive and remit payments in connection with VAT transactions. The deadline is 30 November 2021, at the latest. VAT payments from customers, VAT claims, and VAT overpayments from Tax Administration shall be received only […]
E-commerce package and cash registers
On July 1, 2021, an e-commerce package in VAT came into force, simplifying VAT settlements across the European Union (EU). Read more: E-commerce package – VAT changes as of 1 July 2021Import One-Stop-Shop (IOSS) The implementation of the package resulted in simplification of VAT rules not only in business to customer (B2C) transactions, but also […]
Change of the VAT return form
By decree 358/2021 Coll. a new VAT return form was published, model no. 23. The structure of the new form remained unchanged and only the descriptions of lines 24, 26, and 45 differ. The new form follows an extensive amendment of distance sale of goods and the issue of import of goods (e.g. abolition of […]
Branches of foreign entities in Poland – get ready for the difficulties
The approach of Polish tax authorities to the status of branches of foreign entities in Poland is very specific and causes a lot of confusion not only for taxpayers but also for the tax authorities themselves. Below you will find a short summary of what foreign entities may expect when establishing a branch in Poland. […]
Changes in CFC regulations
We would like to bring your attention to new CFC (Controlled Foreign Companies) regulations which were passed by the parliament and will probably take effect as of 2022 CFC reconciliations: Extension of the definition of a foreign entity for CFC purposes (earlier: share in equity, profit or participation in company’s bodies of related parties of […]
E-commerce VAT Act amendment came into force on 1 October 2021
We would like to inform you that on 30 September 2021, an amendment to the VAT Act was published in the Collection of Laws, which concerns electronic commerce (e-commerce), and came into force on 1 October 2021. The amendment contains the following changes: Distance selling of goods between the EU Member States: abolition of the […]
Retrospective deduction of the input tax
In the tax ruling dated September 21, 2021, ref. 0112-KDIL3.4012.216.2021.2.MBN, the Director of the National Tax Information System (hereinafter: “DNTIS”) confirmed the taxpayer’s position that it is entitled to deduct input VAT on the outlays made in connection with the construction of a residential and commercial building, and the mere fact that taxpayer did not […]
October tax calendar in the Czech Republic
To avoid any threat of penalties calculated based on late submissions, or late payments, we summarized the crucial deadlines in October that should be taken into consideration with respect to your business in the Czech Republic: 11.10. – Excise duty due date, excluding excise duty on alcohol for August 202114.10. – Submission of Intrastat declarations in paper […]
The New Polish Deal focuses on innovation – tax relief for entrepreneurs
The government’s development plan will soon become a new Polish reality. Thus, it is worth paying special attention to the extended package of tax reliefs that can be used at every stage of the production process. The proposed solutions are primarily aimed at increasing support for R&D activities in Poland. Simultaneous R&D and IP Box […]
The National System of e-Invoices (KSeF) and new structured invoice soon in Poland
On October 1, the Polish Parliament adopted an amendment to the VAT Act and certain other acts (hereinafter: “VAT amendment”), implementing as of January 1, 2022 the National System of e-Invoices, the so-called KSeF and also including a new type of invoice – a structured invoice. KSeF will enable taxpayers to issue structured invoices as […]