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 […]
Anti-crisis Shield 7.0 – Additional aid for entrepreneurs available from 1 February 2021
The Regulation of the Council of Ministers of 19 January 2021 on support for economic participants affected by the COVID-19 outrage introduce 4 forms of support for entrepreneurs: (i) job protection benefits, (ii) additional stoppage refund, (iii) one-off subsidy, (iv) exemption from social security contributions. Protection package is addressed to companies operating in the most […]
Real Estate Tax (RET) Review
Recently we noticed an increased activity of local tax authorities regarding the verification of correctness of calculating, declaring and paying the real estate tax. This tax constitutes a significant part of revenues of local governments which, like by entrepreneurs, in the era of COVID decreased. The verification very often ends up with the necessity to […]
New positive opinion on the application of General Anti-Abusive Regulations (GAAR) to a set of restructuring activities
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) […]