The minimum income tax, introduced in the CIT Act as of January 1, 2022, from the beginning has raised doubts and controversy among taxpayers. Recently, however, there has been hope for business conducted in Poland to change the unfavorable regulations. The Minister of Finance has published a draft law that postpones the application of the […]
Extension of so-called Anti-inflation Shield to 31st October 2022
On 14th July, the President signed law of 7th July for crowdfunding for domestic businesses and assistance for borrowers. In this law it is possible find provisions regulating credit holidays, but also the extension of the so-called Anti-inflation Shield. As a reminder, with the start of the year, legislation was introduced to reduce VAT rates […]
Advance payment: No possibility of extending the deadline for applying the 0% rate
The six-month armed conflict in Ukraine changed not only the European Union’s approach to energy and food policy, but also revealed the lack of specific legal solutions in the field of tax issues. At the beginning of March this year – an application was submitted to the Director of the National Revenue Administration so-called KIS […]
Return of foreign VAT – applications for 2021
Due to Directive 2008/09 / EC dated February 12, 2008, companies that have paid input VAT in one of the EU countries in 2021 can apply for a refund. To do this, an application for it by the end of September 2022 must be submitted. If a foreign trader carries out a transaction in a […]
Regulations on hidden dividend will be lifted
The Minister of Finance has presented a draft amendment to the CIT Act that repeals the so-called hidden dividend regulations. The provisions, aimed to counteract aggressive tax optimisation, were due to come into force on 1 January 2023. However, according to the MF’s draft, they will repealed from the CIT Act before they came into […]
Transfer pricing – proposed changes to tax haven transactions
The rules on indirect tax haven transactions have significantly expanded as of 2021. Due to their huge administrative burden, the legislator proposes their amendment. What is also important is that taxpayers will have the possibility to apply the new regime to transactions and in consequence, Transfer Pricing obligations, for 2021. According to our initial analysis […]
ATAD 3 – The “unshell” directive will be the end of shell companies?
In December 2021, the European Commission published a draft of the EU Directive (2021/0434 (CNS)), also known as ATAD 3, which introduces restrictions on preferences for multinational groups that include entities with limited business substance. The directive establishes restrictions on the use of tax preferences and provides for information obligations for taxpayers. The entities covered […]
Changes in CIT Act
A proposition of amended CIT regulations was presented by Ministry of Finance. As of 1 January 2023, the planned changes are about to come into force. Withdrawal of “hidden dividend” regulations One of the most important changes is withdrawal of hidden dividend regulations which was to be introduced within Polish Deal 1.0. Hidden dividend means […]
Polish Deal 2.0 – Tax changes from 1 July 2022
Tax changes introduced as of 1 January 2022 (the so-called Polish Deal) have caused major uncertainties when calculating salaries for employees. For this reason, the Ministry of Finance decided to introduce new legislation which aims at simplifying tax settlements. Tax changes are already in force and will apply to settlements as of the beginning of […]
Expiry of the customs debt vs VAT and excise duty
Judgment of the Court of Justice of the European Union of 7 April 2022 (sign. C-489/20) declares that expiry of the customs debt due to detention of the goods doesn’t mean simultaneously expiry of the obligation to pay excise duty and import VAT. The subject of a CCUE pronouncement was a case of cigarette smuggling. […]