• Value of a transaction should be recalculated into PLN in line with exchange rate announced by the National Bank of Poland for last working day preceding the day of execution of the transaction or concluding the agreement.• The notion of “a transaction” in the context of loans should be understood as the highest amount […]
Robotization relief – current approach of the tax authorities
The robotization tax relief is a new form of support available as of 1 January 2022 to companies investing in robotization and automation of production. It provides for additional deduction from the tax base amounting to 50% of qualified deductible expenses. This means that in fact 150% of the given expense may be recognized for […]
Taxation of the donation in terms of VAT
The provisions of the Polish Order have raised doubts among taxpayers about VAT taxation of the transfer of a fixed asset purchased from a lessor for private purposes. According to them, fixed assets, after being taken out of a private lease, disposed of by means of a sale transaction within six years from the first […]
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 […]
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 […]
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 […]