Last year, we informed you about a dispute concerning the duty to revaluate advances for the acquisition of assets paid in foreign currencies. Now, the decision of the Supreme Administrative Court (SAC) is already available, quoting, among other things, the Interpretation of the National Board of Accountants (NBA) I-43 approved in October 2020. The dispute […]
Closer to the obligatory National e-Invoice System (KSeF)
On March 30, 2022, the Ministry of Finance announced that there is a consent of the European Commission for the obligatory structured invoice (e-invoice) in Poland, so-called the obligatory KSeF system. Based on the proposal, the European Commission prepared and submitted to the EU Council a draft of the derogation decision authorizing Poland to implement […]
The planned extension of transfer pricing deadlines
The expected bill with changes to the deadlines for fulfilling transfer pricing obligations in CIT and PIT has reached the Sejm. The presented proposals specify the extension of the deadlines: until 30 September 2022 for TP obligations with a deadline between 1 January 2022 and 30 June 2022, by 3 months for TP obligations with […]
Increase in minimum living and subsistence wages from 1st April 2022
As of the 1st April 2022, the government raised, as an extraordinary measure, the levels for the minimum living and subsistence wages by 10%. According to a government statement, the 10% increase reflects the estimated growth in consumer prices of essential costs for groceries and other basic needs. Czech legislation defines the living minimum wage […]
Tax calendar for April
The first day of April is one of the most important dates. On this day is the last chance of the filing of income tax returns and tax payments for the previous calendar year. If the tax return is not submitted electronically, or by the tax advisor and, in addition, legal entities have no obligation […]