On March 30, 2022, the Ministry of Finance announced that there is a consent of the European Commission for the obligatory structured invoice (e-invoice) in Poland, so-called the obligatory KSeF system. Based on the proposal, the European Commission prepared and submitted to the EU Council a draft of the derogation decision authorizing Poland to implement […]
The planned extension of transfer pricing deadlines
The expected bill with changes to the deadlines for fulfilling transfer pricing obligations in CIT and PIT has reached the Sejm. The presented proposals specify the extension of the deadlines: until 30 September 2022 for TP obligations with a deadline between 1 January 2022 and 30 June 2022, by 3 months for TP obligations with […]
Poland – Positive ruling of the Supreme Administrative Court with respect to preferential 50% costs
The Supreme Administrative Court in Poland agreed with a taxpayer that royalties from copyrights may be determined as a lump sum. Should you have considered introducing preferential costs amounting to 50% of revenues for creative employees, there has never been a better moment. Please contact our experts who will support you in the preparation of […]
The new version of the SAF-T_Invoice (4) structure!
What’s important a new logical structure was published in the electronic form of tax books and accounting documents, concerning the Standard Audit File for VAT invoices – SAF-T_Invoice (4); it applies from April 1, 2022; informative brochure on the new version of the new VAT structure – SAF-T_Invoice (4) was published on the MF website […]
The obligatory split payment mechanism extended for the next 3 years
The Ministry of Finance (MF) announced the extension of the consent of the European Commission (EC) for the obligatory split payment mechanism for the next 3 years. The EC has agreed to extend the use of a split payment mechanism in Poland, i.e., from March 1, 2022, to February 28, 2025. In connection with the […]
SLIM VAT 3 – changes in value-added tax
The Ministry of Finance presented a package of simplifications in value-added tax so-called SLIM VAT 3 (Simple Local And Modern VAT). Planned changes are divided into 7 areas: impact on the financial liquidity of companies; less formalities in VAT in international trade; extension of the scope of VAT exemptions; changes in VAT settlement; changes in […]
Close deadline for submission of CBC-P notification
Pursuant to the Act on Exchange of Tax Information with Other Countries, the obligation to file a notification on form CBC-P applies to an entity that: has its registered office or management board in Poland or has its registered office or management board outside of Poland, but conducts business activity in Poland through a permanent […]
Draft Directive for preventing the misuse of shell entities (ATAD 3)
On 22 December 2021, the European Commission published a draft EU Directive (2021/0434 (CNS), called ATAD3. ATAD 3 is a key initiative to fight against the misuse of shell entities, i.e. entities without sufficient business substance to obtain unjustified tax benefits. The directive defines the criteria – so-called substance conditions – for additional reporting obligations. In […]
Binding Tax Information and the VAT rates changes in the Anti-Inflation shield 2.0
The so-called Anti-Inflation Shield 2.0 temporary reduced the VAT rates in the period from February 1, 2022, to July 31, 2022. In consequence, it means the expiration of the Binding Tax Information (WIS) issued for goods subject to rate reduction from February 1, 2022. Changes in the scope of VAT rates covered by Shield 2.0 […]
Repentance letter in case of correction of the JPK_V7M / 7K files corrected
From January 1, 2022 thanks to the amendment to the provisions of the Penal Fiscal Code introduced by the Act dated on October 29, 2021, amending the act on personal income tax, the act on corporate income tax, and some other acts, the so-called “The Polish Deal” (we informed about the amendment in the article […]