Changes in CIT Act

A proposition of amended CIT regulations was presented by Ministry of Finance. As of 1 January 2023, the planned changes are about to come into force. Withdrawal of “hidden dividend” regulations One of the most important changes is withdrawal of hidden dividend regulations which was to be introduced within Polish Deal 1.0. Hidden dividend means […]

The obligatory KSeF as of 2024

The EU draft decision issued on June 10, 2022, says that the obligatory KSeF will be implemented in Poland from 2024 at the earliest. What’s important? the obligation of electronic invoicing will cover all transactions made by taxpayers based in Poland, which currently require issuing an invoice in accordance with the Polish VAT Act; the […]

The new VAT-R form

Please be informed that from July 1, 2022, the new version of the VAT-R form will come into force – variant 16 – the form necessary for VAT registration purposes. The change is a consequence of, among others amendment to the Polish VAT Act implementing a new type of VAT taxpayer, which from July 1, […]

Advances provided in foreign currencies – statement of the Supreme Administrative Court

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 […]

PFR Financial Shield – time to support Large Enterprises

European Commission has approved the last part of the Polish Financial Shield program for large enterprises and certain medium-sized enterprises (SMEs) in connection with COVID-19 outbreak. Application may now be submitted via a form provided by the PFR (Polish Development Fund). Overall budget of PFR Financial Shield Support Scheme for Large Enterprises amounts to approximately PLN […]

Anti-crisis Shield 4.0

The Parliament (Sejm) adopted on 5 June 2020 the so-called Anti-crisis Shield 4.0. The bill is to be voted in the Senate. Below we present the most important assumptions of it. Micro-loan The entrepreneur’s obligation to submit an application for loan remission will be lifted – the district employment agency (PUP) will exempt from this […]

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