We would like to remind you that the deadlines for completing transfer pricing obligations for 2021 are approaching. As a rule, the deadline should be 9 months after the end of the fiscal year; however, given the extended deadlines for the preparation and approval of financial statements, the deadline has been extended: to 30 September […]
What awaits us in the new tax year? – SLIM VAT 3 package consultation
Inter-ministerial arrangements and public consultations of another VAT simplification project, the so-called SLIM VAT 3, have recently been completed. The legislator plans to introduce most of the proposed solutions as early as 1 January 2023. The most important changes envisaged by the draft of the Ministry of Finance are: Change of limits for the small […]
Double taxation of intra-Community chain transactions is incompatible with the EU VAT Directive
On July 7, 2022, the Court of Justice of the European Union (CJEU) issued judgment No. C-696/20 in the case of B. v. Director of the Tax Chamber of W. concerning the so-called sanctioned intra-Community acquisition of goods (ICA). Subject matter and history of the dispute B. (‘the Company’) is a company established in the […]
Non-contractual use of the premises subject to VAT?
An unreliable tenant of service premises who uses it without a contract can be a real nuisance for the property owner. It can also be problematic in terms of value-added tax. On June 24, 2022, the Director of the National Tax Information (KIS) issued an individual ruling (reference number 0111-KDIB3-1.4012.151.2022.2.MSO) on VAT taxation of compensation […]
Real estate tax – increase by almost 12%
In 2023 real estate owners will face increase in real estate tax. The Minister of Finance regularly indexes the real estate tax rates based on increase in prices in the first half of the given year compared to the first half of the previous year, taking into account data published by the Central Statistical Office […]