Despite “Anti-Crisis Shield” due to COVID-19, it is worth remembering about the permanent solution in the Polish VAT Act that allows reducing or deferring the VAT liability, so-called “bad debts relief“. The requirements to correct the sales VAT related to the bad debts relief are as follows: The taxpayer may correct the tax base and […]
Check what company documents are required for VAT registration in the CEE!
Among the various VAT registration forms and statements that must be submitted to the tax authorities in a certain country, the entrepreneur applying for VAT number has to also provide the company documents. Below you can easily find the basic documents your firm should collect to be VAT registered in Poland, Czech Republic, Slovakia, and […]
Vouchers form the VAT perspective from 1 January 2019
Further to the information presented in the previous issue of our Newsletter, we would advise you that the currently prepared amendment to the Czech VAT Act, which is to come into effect from 1 January 2019, has included the wording of the Council Directive (EU) No 2016/1065 (the “Directive”), which regulates the treatment of vouchers […]
Slovakia is implementing tax relief measures
Last week the Slovak government has taken measures to mitigate the effects of the coronavirus crises in the financial area. These measures have been approved by Slovak parliament on April 2nd, 2020, and come into force as of April 4th, 2020. The changes concern various tax regulations and are adopted due to the situation in […]
Anti-Crisis Shield – Summary of Implemented Solutions
On 1 April 2020 a package of bills and decrees, so-called “Anti-Crisis Shield”, entered into force. Below we present the most important solutions: SUPPORT CONCERNING EMPLOYERS, EMPLOYEES AND SOCIAL SECURITY CONTRIBUTIONS (ZUS) 1.Exemption from social security contributions (upon request) Exemption for small companies (up to 9 people registered for social security) from social security contributions […]
Fixed Establishment in Poland – new judgment of the Supreme Administrative Court
On February 26, 2020, the Supreme Administrative Court (SAC) issued a significant judgment, ref. I FSK 1313/17 to Voss Fluid GmbH seated in Germany regarding the Fixed Establishment (FE) existence of the German company which has commissioned the production on entrusted materials to Polish contractors. Background The German company operates in the mechanical engineering sector […]
How is Poland going to “treat” coronavirus among companies?
On 10 March 2020, the Minister of Development Jadwiga Emilewicz announced the introduction of a package of legislative changes aimed at protecting the Polish economy from the effects of the coronavirus epidemic. The changes, which are mainly targeted at (i) introducing public-law liabilities reliefs, (ii) improving companies’ cash flow and (iii) protecting and supporting the […]
Branch and Tax Identification Number – endless discussion
A branch of a foreign company is not obliged to identify itself with a separate Tax Identification Number (NIP). The conclusion is drawn from the verbal substantiation of the judgment of the Supreme Administrative Court (SAC or the Court) of 31 January 2020 (ref. no II FSK 509/18). The Court referred to another SAC’s judgment […]
Important changes to VAT from 1 April 2020
Liquidation of VAT return forms and introduction of new JPK_VAT (SAF-T) Starting from the VAT settlement for April 2020, large companies will be obliged to replace the traditional VAT-7 return form with a new JPK_VAT (SAF-T; so-called “VDEK”). For other taxpayers, this obligation will apply from the VAT settlement for July 2020. The new regulations […]
The surplus of the input tax over the output tax can be carried over only for 5 years!
Please be informed that at the beginning of this year, the Polish Supreme Administrative Court has upheld the unfavorable for the taxpayer tax authorities’ decision, that in accordance with the Polish VAT Act regulations the 5 year of the limitation period also applies to the surplus of the input tax over the output tax. It means […]