Lower VAT rates in Poland

As of 1 February 2022, the so-called Anti-Inflation Shield 2.0 came into effect, as a further measure, following the so-called Anti-Inflation Shield 1.0, in force since 1 January 2022, taken to mitigate the effects associated with rising inflation. Both acts introduce a temporary reduction of VAT rates on certain goods. Details of the VAT reduction […]

New transfer pricing obligations for transactions where the beneficial owner is located in a tax haven

In 2022, for the first time, taxpayers and companies that are not legal persons will face the obligation, introduced as of 1 January 2021, to prepare transfer pricing documentation if the beneficial owner in a transaction is an entity with its place of residence, registered office or management in a country or territory applying harmful […]

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