Despite the holiday period, the legislature is not slowing down and is proposing further amendments to the Law on Value Added Tax and the Law on National Tax Administration. Consultations on the draft ended on August 23 this year, and the planned implementation date for the law is January 1, 2024. The proposed changes are […]
Applying the look-through approach when paying dividends to a holding company
The Director of the National Fiscal Information (so-called Director of KIS) issued an individual tax ruling with the reference no 0111-KDIB2-1.4010.128.2022.2.AR, confirming the possibility to apply the withholding tax exemption for dividends paid to a foreign holding company. According to the position of the Director of KIS, the look-through approach may be applied to verify […]
Minimum income tax more taxpayer-friendly
The minimum income tax, introduced in the CIT Act as of January 1, 2022, from the beginning has raised doubts and controversy among taxpayers. Recently, however, there has been hope for business conducted in Poland to change the unfavorable regulations. The Minister of Finance has published a draft law that postpones the application of the […]
Extension of so-called Anti-inflation Shield to 31st October 2022
On 14th July, the President signed law of 7th July for crowdfunding for domestic businesses and assistance for borrowers. In this law it is possible find provisions regulating credit holidays, but also the extension of the so-called Anti-inflation Shield. As a reminder, with the start of the year, legislation was introduced to reduce VAT rates […]
Advance payment: No possibility of extending the deadline for applying the 0% rate
The six-month armed conflict in Ukraine changed not only the European Union’s approach to energy and food policy, but also revealed the lack of specific legal solutions in the field of tax issues. At the beginning of March this year – an application was submitted to the Director of the National Revenue Administration so-called KIS […]
Return of foreign VAT – applications for 2021
Due to Directive 2008/09 / EC dated February 12, 2008, companies that have paid input VAT in one of the EU countries in 2021 can apply for a refund. To do this, an application for it by the end of September 2022 must be submitted. If a foreign trader carries out a transaction in a […]
Regulations on hidden dividend will be lifted
The Minister of Finance has presented a draft amendment to the CIT Act that repeals the so-called hidden dividend regulations. The provisions, aimed to counteract aggressive tax optimisation, were due to come into force on 1 January 2023. However, according to the MF’s draft, they will repealed from the CIT Act before they came into […]