The Polish Ministry of Finance has published a draft amendment to the Polish VAT act, which introduces structured invoices – a new type of electronic invoice (hereinafter: “e-invoice”) – and the National System of e-Invoices so-called KSeF. The amendment is planning to be entered into force as of October 1, 2021. The e-invoice is intended […]
E-COMMERCE PACKAGE – VAT CHANGES AS OF 1 JULY 2021
VAT-OSS procedure for B2C transactions What is OSS? What is changing as of 1 July 2021? One-Stop-Shop (OSS), is an electronic system that simplifies VAT settlements for e-sellers of goods and services offered to private customers across the EU, as it allows in general to: electronic registration for VAT purposes in one EU Member State […]
Who needs a fiscal representative and intermediary for the purpose of VAT e-commerce procedures in Poland?
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). For the non-EU established entrepreneurs – depending on the e-commerce procedure used – there will be in Poland still an obligation to appoint a […]
Export/import of goods & services in the Chech Republic, with a focus on the United Kingdom
Until the end of 2020, there was a transition period in which the supply and purchase of goods to/from the United Kingdom were assessed according to current European regulations. However, the United Kingdom (“UK”) withdrew from the EU (“EU”) on 1 January 2021 and is now considered a third country for tax purposes. From the […]
E-commerce VAT package – new e-commerce rules as of 1 July 2021
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 […]
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 […]
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 […]
Brexit – the major VAT and Customs consequences of the United Kingdom’s exit from the European Union
On January 1, 2020, the United Kingdom (UK) left the European Union (EU) on the basis of an agreement concluded with the EU. The Brexit will change the VAT and customs rules in transactions between the EU Member States and British entities. Therefore, companies should adapt themselves smoothly for the upcoming changes, in order to […]
VAT Fiscal Representative for non-EU companies
Non-EU established companies should appoint a Fiscal Representative to operate in most EU countries. The Fiscal Representative is required for entrepreneurs starting their operations in Poland. Exception! As of January 1, 2021, the British and Norwegian companies are exempt from the obligation to appoint a Fiscal Representative in Poland. This change was announced on February […]
The government plans to introduce a new tax – advertising contribution
The Ministry of Finance presented a draft bill introducing the new tax, referred to as advertising contribution. The tax will be imposed solely on particular types of activities – online advertising and traditional media business. Advertising tax in Europe By introducing this new charge Poland follows the example of a number of OECD and European […]