On 5 February 2021, the Polish Ministry of Finance proposed a draft amendment to the VAT Act, introducing to the Polish legal order the possibility to issue structured invoices as one of the permitted forms of documenting transactions. Application of structured invoices (e-invoices), in addition to commercially present paper invoices and electronic invoices, is to […]
JPK_FA Structure (Eng. SAF-T_Invoice)
Please be advised that each taxpayer running a business in Poland and keeping tax books, producing accounting evidence in electronic form is obliged to collect and transfer data in the form of the Standard Audit File structure, i.e. electronic structure. One of the mandatory structures for collecting and submitting data at the request of tax […]
The government plans to introduce a new tax – advertising contribution
The Ministry of Finance presented a draft bill introducing the new tax, referred to as advertising contribution. The tax will be imposed solely on particular types of activities – online advertising and traditional media business. Advertising tax in Europe By introducing this new charge Poland follows the example of a number of OECD and European […]
VAT in the CEE – the most important changes in 2021
Take a look at the changes: __ Poland SLIM VAT – changes in Poland as of January 2021 SLIM VAT is a package of changes which should make the VAT easy to use, adapted to the local specificity of the country in which it operates. The SLIM VAT package implements the changes to VAT as […]
SLIM VAT – changes in Poland as of January 2021
SLIM VAT is a package of changes that should make the VAT easy to use, adapted to the local specificity of the country in which it operates. The SLIM VAT package implements the changes to VAT as of January 2021. What is changing? Major amendments are easily described below. Simple invoicing The sale invoice corrections […]
New obligation for 2021 – TAX STRATEGY
As of 2021 (i) taxpayers with revenues exceeding EUR 50M annually as well as (ii) tax capital groups are obliged to prepare and publicise information about tax strategy realized in the tax year. This in fact means the obligation of preparation of a tax procedure describing the process of carrying out tax compliance. We believe […]
2020 CIT / VAT review
In ASB tax projects and tax compliance is carried out either directly by licensed tax advisers from ASB Tax or by our accountants from ASB Poland with close supervision of ASB Tax. Should you wish us to review 2020 CIT / VAT settlements prepared for you by your accountants or check whether the possibility of […]
Retail sales tax incoming as of 1 January 2021
Retail sales tax was introduced in Poland in 2016 but so far its collection has been suspended by the European Commission. As of January 2021 retailers selling goods to consumers on the basis of an agreement concluded at the business premises as well as outside (excluding Internet sales) generating revenues from retail sales exceeding PLN […]
Poland – VAT grouping
In the agenda of the VAT Committee meeting that took place on 16 November 2020, one of the items discussed was the issue of introducing VAT grouping in Poland precisely described in the Working Papers No. 997 addendum. VAT grouping results from art. 11 of the VAT Directive but has not been implemented in Poland […]
Expert comment of Jarosław Szajkowski, ASB Tax Manager, for Wyborcza.pl
“As of 1 October, we are obliged to send the authorities also the VAT records and report all its changes. If we make a mistake in the records and have to correct it, we admit that we have kept it unreliable.” Read the full article in Polish by Wyborcza.pl Jarosław SzajkowskiTax Manager – Tax AdviserE: jszajkowski@asbgroup.eu