On May 16, 2022, the Covid epidemic state in Poland was revoked and replaced with a state of epidemic threat. This may affect the taxpayers tax settlements, in particular in the field of PIT, CIT and VAT. Some of the simplifications introduced on the basis of the so-called Anti-crisis Shield will cease to apply from […]
Tax calendar for May
May Day, love time, but also a very important deadline for an electronic filing of income statements of persons and companies. It applies to persons and companies that are not subject to mandatory audit of financial statements, or their tax returns are not filed by a tax advisor. Even this term, however, may not be […]
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 […]
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 […]
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 […]
Tax calendar for April
The first day of April is one of the most important dates. On this day is the last chance of the filing of income tax returns and tax payments for the previous calendar year. If the tax return is not submitted electronically, or by the tax advisor and, in addition, legal entities have no obligation […]
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 […]
Draft Directive for preventing the misuse of shell entities (ATAD 3)
On 22 December 2021, the European Commission published a draft EU Directive (2021/0434 (CNS), called ATAD3. ATAD 3 is a key initiative to fight against the misuse of shell entities, i.e. entities without sufficient business substance to obtain unjustified tax benefits. The directive defines the criteria – so-called substance conditions – for additional reporting obligations. In […]
Tax calendar for February
To avoid any threat of penalties calculated based on late submissions, or late payments, we summarized the crucial deadlines for February 2022 that should be taken into consideration with respect to your business in the Czech Republic: 09.02. – Excise duty due date, excluding excise duty on alcohol for December 2021, 14.02. – Submission of […]
Forbes Diamond awarded to ASB again
We are delighted to announce that our company won the Forbes Diamond award for 2022. The award is a great honor for us, and we are pleased to be included in the ranking. Undoubtedly, the prize constitutes a huge dose of motivation to continue our growth and proof that the development strategy chosen by ASB […]