On 20 May 2021, the Polish Parliament adopted a draft amendment to the VAT Act concerning the introduction into the Polish legal order of the EU VAT e-commerce package covering VAT sealing changes in cross-border trade between businesses and consumers. The amendments have been made in order to implement the provisions of EU directives adopted […]
“Polish Deal” – the announcement of major changes in taxes
The Polish government presented a draft package of tax and social changes, the so-called Polish Deal. General concepts of planned changes have been presented, however, we will wait for draft legal acts until the third quarter of 2021. The planned changes to the tax law presented so far relate primarily to the issue of taxation […]
Anti-crisis Shield 9.0 – support for new PKD codes
Due to the prolonged period of restrictions on conducting business activity, additional government aid was provided to new industries in a difficult situation. By the Regulation of the Council of Ministers of April 16, 2021 (the so-called Anti-crisis Shield 9.0), changes were made to 4 instruments: refinancing of employees’ remuneration, subsidies for the costs of […]
TaxWave – Verify your JPK_V7M file with just one click!
From October, taxpayers are obliged to report a new, extended JPK_V7M. In order to support entrepreneurs and help them reduce tax risk and avoid penalties, our tax, accounting, and IT professionals have created an innovative IT tool, TaxWave. TaxWave is an innovative IT program that automates the verification and control of JPK_V7M files. Our program […]
Poland – revolution in VAT reporting as of October 2020 – necessary?
As of October 1, 2020, the tax reality in Poland changed. From that date, VAT taxpayers are obliged to report VAT according to the new electronic structure in the form of SAF-T_V7M or SAF-T_V7K. The purpose of the action was to simplify reporting. Did it work? Until the settlement for September 2020, the taxpayers registered […]
Poland – back to the past in terms of intra-Community acquisition of goods
On March 18, 2021, the Court of Justice of the European Union (CJEU) issued a positive judgment in the Polish case C-895/19 held that the Polish provisions of the Polish VAT Act, which in a specific situation prohibits the recognition of output and input tax on intra-Community acquisition of goods (ICA) in the same settlement […]
Apply for VAT refund connected with intra-Community acquisition of goods, reverse charge transactions, or import of services!
On 18 March 2021 the Court of Justice of the European Union (case C-895/19) confirmed that the Polish provision excluding the possibility of settlement of output VAT and input VAT in the same tax period after 3 months from the date on which the tax obligation arose is inconsistent with the VAT Directive. What it […]
Real estate rich companies are eligible for a lower real estate tax rate
The mere ownership of real estate by an entrepreneur does not determine the real estate tax rate. This is the outcome of important judgments issued in 2021 – first, by the Constitutional Tribunal (TK) in February (ref. no SK 39/19) and then by the Supreme Administrative Court (NSA) in March (ref. no III FSK 895/21 […]
The Ministry of Finance presents a draft of explanations regarding the due diligence obligation related to transactions where the beneficial owner of the payment is located in a tax haven
Regulations regarding settlements with tax havens have been part of the TP regulations since 2000. Since then, obligations to document transactions with related entities were indirectly transferred to settlements executed by taxpayers with tax haven-based entities. At the end of 2020, the legislator took a big step forward by incorporating changes to regulations regarding settlements […]
The Ministry of Finance presented a package – SLIM VAT 2
On 18 February 2021, the Ministry of Finance presented a new draft called SLIM VAT 2. The package aims to simplify the invoicing procedure, reduce formalities and improve the liquidity of companies using the split payment mechanism. The most important proposed tax changes: Art. 22 sec. 2e and 3 Specification to which delivery should be […]