Until 31 January 2021 certain CIT taxpayers are obliged to submit first reports on applied payment dates in commercial transactions. On 1 January 2020 provisions of the Act on amending certain acts in order to limit payment blockages introducing regulations mobilizing debtors to pay within the set deadline and discouraging them from imposing unjustified, extended […]
New obligation for 2021 – TAX STRATEGY
As of 2021 (i) taxpayers with revenues exceeding EUR 50M annually as well as (ii) tax capital groups are obliged to prepare and publicise information about tax strategy realized in the tax year. This in fact means the obligation of preparation of a tax procedure describing the process of carrying out tax compliance. We believe […]
2020 CIT / VAT review
In ASB tax projects and tax compliance is carried out either directly by licensed tax advisers from ASB Tax or by our accountants from ASB Poland with close supervision of ASB Tax. Should you wish us to review 2020 CIT / VAT settlements prepared for you by your accountants or check whether the possibility of […]
WHT regime postponement in Poland
As we already informed you WHT pay-and-refund regime will apply not earlier than on 1 July 2021. Resolution introducing the postponement was published on 30 December 2020. This is very good news for multinationals, in particular for those investing in Polish real estate. Once WHT regime comes into force, the general rule would be to […]
Retail sales tax incoming as of 1 January 2021
Retail sales tax was introduced in Poland in 2016 but so far its collection has been suspended by the European Commission. As of January 2021 retailers selling goods to consumers on the basis of an agreement concluded at the business premises as well as outside (excluding Internet sales) generating revenues from retail sales exceeding PLN […]
Real estate business in Poland – how to prepare for 2021
Significant changes for real estate business investing in Poland will come into force as of 2021. For the first time, the definition of a real estate company is about to be introduced. A real company is: entity obliged under accounting regulations to prepare a balance sheet, in which (i) on the first day of a […]
First opinions of the Anti-Tax Avoidance Council on the applicability of General Anti-Abusive Regulations (GAAR)
In order to mitigate the arbitrariness of the General Anti-Abusive Regulations (GAAR), the Polish legislator decided to establish the Anti-Tax Avoidance Council (hereinafter: the Council) issuing opinions on the applicability of the GAAR clause and measures limiting contractual benefits in individual cases. The Council issues opinions at the request of the Head of National Revenue […]
Poland – VAT grouping
In the agenda of the VAT Committee meeting that took place on 16 November 2020, one of the items discussed was the issue of introducing VAT grouping in Poland precisely described in the Working Papers No. 997 addendum. VAT grouping results from art. 11 of the VAT Directive but has not been implemented in Poland […]
Protocol amending the Polish-Dutch Double Tax Treaty – what has been agreed?
On 29 October a Protocol amending the Polish-Dutch Double Treaty was signed. The Protocol introduces real estate clause. This means that Poland will also have the right to tax income from sale by Dutch shareholders of shares in a Polish real estate entity. So far this right was attributed solely to the Netherlands. Taxation in […]
Expert comment of Jarosław Szajkowski, ASB Tax Manager, for Wyborcza.pl
“As of 1 October, we are obliged to send the authorities also the VAT records and report all its changes. If we make a mistake in the records and have to correct it, we admit that we have kept it unreliable.” Read the full article in Polish by Wyborcza.pl Jarosław SzajkowskiTax Manager – Tax AdviserE: jszajkowski@asbgroup.eu