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 […]
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 […]
Fight against VAT fraud in e-commerce – draft amendments to the VAT Act and the National Tax Administration Act.
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 […]
Transfer pricing – proposed changes to tax haven transactions
The rules on indirect tax haven transactions have significantly expanded as of 2021. Due to their huge administrative burden, the legislator proposes their amendment. What is also important is that taxpayers will have the possibility to apply the new regime to transactions and in consequence, Transfer Pricing obligations, for 2021. According to our initial analysis […]
ATAD 3 – The “unshell” directive will be the end of shell companies?
In December 2021, the European Commission published a draft of the EU Directive (2021/0434 (CNS)), also known as ATAD 3, which introduces restrictions on preferences for multinational groups that include entities with limited business substance. The directive establishes restrictions on the use of tax preferences and provides for information obligations for taxpayers. The entities covered […]
Polish Deal 2.0 – Tax changes from 1 July 2022
Tax changes introduced as of 1 January 2022 (the so-called Polish Deal) have caused major uncertainties when calculating salaries for employees. For this reason, the Ministry of Finance decided to introduce new legislation which aims at simplifying tax settlements. Tax changes are already in force and will apply to settlements as of the beginning of […]
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 […]
Poland – Positive ruling of the Supreme Administrative Court with respect to preferential 50% costs
The Supreme Administrative Court in Poland agreed with a taxpayer that royalties from copyrights may be determined as a lump sum. Should you have considered introducing preferential costs amounting to 50% of revenues for creative employees, there has never been a better moment. Please contact our experts who will support you in the preparation of […]