We are pleased to announce that ASB has once again been awarded the Gazele Biznesu title, this time for 2021. This prestigious title is awarded to Poland’s most dynamically developing small and medium-sized enterprises. Gazele Biznesu is Poland’s oldest, most credible, and most popular ranking of small and medium-sized enterprises. Puls Biznesu has been organizing […]
A cash payment new limit postponed till 2023
The legislator does not cease to surprise and at the last moment introduced changes to the so-called “The Polish Deal”. The Act introducing the so-called “The Polish Deal” lowered, inter alia, the amount in cash payments in B2B transactions from PLN 15,000 to PLN 8,000 gross value (or the equivalent in a foreign currency) in […]
Changes in INTRASTAT thresholds from January 1, 2022
The President of the Central Statistical Office has accepted the statistical thresholds for 2022 in the INTRASTAT system. The thresholds in relation to 2021 have been changed in the detailed departure threshold, other thresholds remain unchanged. Values of statistical thresholds in the INTRASTAT system to be applied from January 1, 2022, are as follows: basic […]
New deadline for submitting INTRASTAT statistical declarations for December 2021
The Customs Department of the Ministry of Finance kindly informs that INTRASTAT statistical declarations for December 2021 may be submitted by the 15th day of the month following the reporting period. Submitting the statistical declaration for a given month between the 10th and 15th of the following month will not have any negative consequences for […]
The administrative fee waiver related to the official requests
The Ministry of Finance issued Financial Bulletin No. 35/2021, in which it waives the administrative fee for some requests. These are, for example, a request for remission of a fine for late submission of the tax return, a request for remission of interest on late payments or a request for remission of a fine for […]
Tax calendar for December
To avoid any threat of penalties calculated based on late submissions, or late payments, we summarized the crucial deadlines for December that should be taken into consideration with respect to your business in the Czech Republic: Important dates in December are: 10.12. – Excise duty due date, excluding excise duty on alcohol for October 2021 […]
Changes in CFC regulations
We would like to bring your attention to new CFC (Controlled Foreign Companies) regulations which were passed by the parliament and will probably take effect as of 2022 CFC reconciliations: Extension of the definition of a foreign entity for CFC purposes (earlier: share in equity, profit or participation in company’s bodies of related parties of […]
October tax calendar in the Czech Republic
To avoid any threat of penalties calculated based on late submissions, or late payments, we summarized the crucial deadlines in October that should be taken into consideration with respect to your business in the Czech Republic: 11.10. – Excise duty due date, excluding excise duty on alcohol for August 202114.10. – Submission of Intrastat declarations in paper […]
The National System of e-Invoices (KSeF) and new structured invoice soon in Poland
On October 1, the Polish Parliament adopted an amendment to the VAT Act and certain other acts (hereinafter: “VAT amendment”), implementing as of January 1, 2022 the National System of e-Invoices, the so-called KSeF and also including a new type of invoice – a structured invoice. KSeF will enable taxpayers to issue structured invoices as […]
What has changed in the “Polish New Deal” package in comparison to its initial version?
Please find below our brief summary: CIT/PIT Introduction of so-called minimal tax (amounting to 10% of tax basis) for companies and tax capital groups (i) which incurred operational loss or (ii) in case of which ratio of operational income to operational revenues does not exceed 1%; Decrease from 9% to 4.9% of non-deductible health insurance […]