Please see the most important changes on the grounds of CIT: New reliefs, to include: increase from 150% to 200% of the amount eligible for deduction of qualified costs in R&D Centre (CBR), including those related to obtaining and maintaining a patent, right of protection for a utility model, right from registration of an industrial […]
The Polish New Deal – VAT revolution ahead?
The reform is to come into force in vast majority as of the beginning of next year. What will change in VAT settlements? Introduction of “VAT Group” – possibility of voluntary, joint VAT settlement by several taxpayers constituting the VAT Group: the VAT Group – a group of entities related financially, economically and organizationally, registered […]
Tax strategy – is your business ready for this change?
According to the Ministry of Finance announcements the obligation to prepare a tax strategy, initially planned already for 2020 CIT settlements, will be postponed and apply to CIT reconciliations for 2021 onwards. The strategy is a collection of information about the taxpayer’s tax management, cooperation with the tax authorities, specific transactions and business reorganizations as […]
Proposed amendments to the Act on Counteracting Money Laundering and Financing of Terrorism
On 19 January 2021, the Polish Parliament (the Sejm) received a government draft amendment to the Act on Counteracting Money Laundering and Financing of Terrorism aimed at implementing changes in AML directives. What is about to change? Changes to the Central Register of Ultimate Beneficial Owners (CRBR) Extension of the catalogue of entities obliged to […]
Proposals of tightening fiscal penal responsibility in Poland – suspension of the limitation period and increase of ticket fine
Suspension of the limitation period Currently, the length of limitation periods are: for fiscal transgressions: 1 year (regarding diminishment of tax receivables up to PLN 14k); for fiscal offences: 5 years (regarding diminishment of tax receivables exceeding PLN 14k), punishable by a fine, a penalty of restriction of liberty or penalty of imprisonment up to 3 years; for fiscal offences: 10 […]
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 […]
Tax authorities apply General Anti-Avoidance Rules
Recent information published by the Ministry of Finance shows how the tax authorities are making use of the General Anti-Avoidance Regulations (GAAR) and provide details of opinions recently issued by the Council for Prevention of Tax Avoidance, which is in Polish Rada do spraw przeciwdziałania unikaniu opodatkowania (“Council”). We note that the Council has been […]