What is e-Invoicing?
Electronic invoicing (e-Invoicing) is the exchange of the invoice document between a supplier and a buyer, in an integrated electronic format. Traditionally, invoicing, like any heavily paper-based process, is manually intensive and is prone to human error, resulting in increased costs and processing lifecycles for companies. e-Invoicing is a common... Read More →
Reduction of the limit for the execution of business transactions with cash
In order to restrict the shadow economy, the legislature has significantly reduced the legally permissible limit for the execution of business transactions with cash in this year. Until now cash transactions with an equivalent value of up to 15,000.00 EUR were possible, the limit is now only maximum 15,000.00 PLN... Read More →
Information requirements for the purchase of real estate by foreigners in Poland
The legislature has expanded the information requirements for the purchase of real estate by foreigners. Notaries are now obliged to submit to the Ministry of Interior, Warsaw. Also, notarised contracts for the sale of shares, shareholder shares or rights and obligations on the basis of which foreigners become owners or... Read More →
Deletion from the register after 6 months without any business activities
Companies which suspend or interrupt their business activities for a period of at least 6 months may be expected to be removed from the register of taxpayers subject to VAT.
The real estate tax in Poland 2017
The real estate tax rates for the year 2017 have remained virtually unchanged, compared to the tax provisions of 2016. The upper limit, at the discretion of the respective municipality or town, whether or not they are exhausted, are as follows for this year:
Easier for small farmers to self-market their products
On the 1st January, 2017, Poland’s President Andrzej Duda introduced legislation to make it easier for small farmers to self-market their products.
Vehicle tax changes 2017
This year, vehicle owners will have to pay less for motor vehicle tax for commercial vehicles. The decline is particularly noticeable in heavy commercial vehicles.
Security deposit when registering as a VAT taxpayer
The PiS government has introduced a new fiscal instrument to combat tax fraud, with the registration termination starting in 2017. The payment of a security deposit for the declaration of a company subject to VAT is due from those companies which are at risk of not fulfilling their tax obligations.... Read More →
Corporate Income Tax (CIT) reduced to 15%
From the beginning of 2017, the Corporate Income Tax (CIT) on companies which are classified as so-called small taxpayers was reduced from 19% to 15%.
JPK – new instrument by which the Polish treasury will monitor the tax liabilities and reduce tax fraud
According to estimates by taxpayers, the tax gap in VAT is the difference between taxable contributions and those that the treasury actually received. This difference has grown to at least 50 billion Złoty in 2015.
