We would like to inform you that on 30 September 2021, an amendment to the VAT Act was published in the Collection of Laws, which concerns electronic commerce (e-commerce), and came into force on 1 October 2021. The amendment contains the following changes: Distance selling of goods between the EU Member States: abolition of the […]
Retrospective deduction of the input tax
In the tax ruling dated September 21, 2021, ref. 0112-KDIL3.4012.216.2021.2.MBN, the Director of the National Tax Information System (hereinafter: “DNTIS”) confirmed the taxpayer’s position that it is entitled to deduct input VAT on the outlays made in connection with the construction of a residential and commercial building, and the mere fact that taxpayer did not […]
What has changed in the “Polish New Deal” package in comparison to its initial version?
Please find below our brief summary: CIT/PIT Introduction of so-called minimal tax (amounting to 10% of tax basis) for companies and tax capital groups (i) which incurred operational loss or (ii) in case of which ratio of operational income to operational revenues does not exceed 1%; Decrease from 9% to 4.9% of non-deductible health insurance […]
The Polish New Deal – VAT revolution ahead?
The reform is to come into force in vast majority as of the beginning of next year. What will change in VAT settlements? Introduction of “VAT Group” – possibility of voluntary, joint VAT settlement by several taxpayers constituting the VAT Group: the VAT Group – a group of entities related financially, economically and organizationally, registered […]
The Polish New Deal – VAT changes
The Polish Ministry of Finance intensively works on changes concerning VAT taxation. In July 2021, the draft amendment to the Polish tax regulations so-called “the Polish New Deal”, including also changes in the VAT Act was published. New VAT regulations are going to be implemented to the domestic tax system since January 1, 2022. Please […]
Changes in VAT reporting
From July 1, 2021, the amended provisions of the Regulation of the Minister of Finance, Funds, and Regional Policy on the detailed scope of data included in tax declarations and records in the field of VAT were applied. The amendments are in some cases clarifying, while in others are fundamental, introducing new rules for marking […]
SLIM VAT 2 – the second installment of changes
The Ministry of Finance intensively works on changes concerning VAT taxation. Despite changes that entered into force from 1 January 2021 (➡ read more about SLIM VAT changes) further changes will be implemented to the domestic regulations in the next months as e-commerce regulations, National e-Invoicing System or new regulations related to the VAT group […]
Import One-Stop-Shop (IOSS)
Since July 1, 2021, new EU VAT regulations the so-called e-commerce package related to the supplies for EU consumers will enter into force in the territory of the European Union (EU). As a result of the changes, VAT exemption for the import of goods in shipments with a value not exceeding EUR 22 will be […]
The Act – Slim VAT 2 has been introduced to the Parliament
The government draft act amending the goods and services tax act and banking law has been introduced to the parliament. The bill is in line with the tax changes successively introduced by the Ministry of Finance. The aim of the proposed solutions is to simplify the settlement of VAT by taxpayers – the so-called Slim […]
VAT groups – new rules of VAT settlements for Polish entrepreneurs
The Ministry of Finance has just launched pre-consultation of the draft amendments to the VAT Act introducing a new solution in the form of the VAT Group into the Polish tax system. The new structure will be available to Tax Capital Groups (PGK) within the meaning of the CIT Act and foreign entities related to […]