English
General ruling regarding classification of transactions carried out with the use of fuel cards for VAT purposes
On 15 February 2021 the Polish Minister of Finance issued a general ruling regarding classification of transactions carried out with the use of fuel cards for VAT purposes. It affects the settlement of VAT. The ruling applies only to three-party transactions where the card is provided by an intermediary entity... Read More →
Upcoming deadlines for submission of notifications: CBC-P and ORD-U
We would like to inform you about the upcoming deadlines for: 1. Submission of the CBC-P notification Country-by-Country report (CBC-R) is a reporting mechanism set out in the Act of 9 March 2017 on the exchange of tax information with other countries. According to it, entities belonging to large multinational... Read More →
Changes in excise duty
As of 1 February 2021, the following changes to the Excise Duty Act are in force: Change in registration for excise purposes Under the new rules, excise tax payers are required to register or to make an update in the Central Register of Excise Entities (CRPA) via the new version... Read More →
SLIM VAT – Change in the rules from 1 January 2021 regarding domestic negative credit notes with Polish VAT of sales and purchase invoices – Examples
Our Customer Relation department, in cooperation with the Accounting department, has prepared the following explanation of the changes to Polish Slim VAT regulations. On 1 January 2021, the so-called SLIM VAT (Simple, Local And Modern VAT) came into force, introducing changes with regard to the settlement of negative credit notes.... Read More →
Important tax changes related to counteracting the negative effects of COVID-19 pandemic
In order to counteract the negative effects of COVID-19 pandemic, significant tax changes regarding the settlement of personal income tax (PIT) and corporate income tax (CIT) have been introduced. Changes concerning personal income tax (PIT) The raised income tax exemption limits will remain in force until the end of the... Read More →
Changes in the jurisdiction of tax authorities from 1 January 2021
On 1 January 2021, amendments to the regulations in accordance with the decrees of the Minister of Finance, Development Funds and Regional Policy of 28 December 2020 came into force. (Polish Journal of Laws of 2020, item 2456). Thus, the scope jurisdiction of the tax authorities in relation to taxpayers... Read More →
New obligations concerning information on transfer pricing and a statement on preparation of local transfer pricing documentation in Poland
According to Polish law, under certain circumstances, two types of information on transfer pricing are required to be submitted independently of each other: Information on transfer pricing submitted to the Head of the National Revenue Administration; Statement on preparation of local transfer pricing documentation. Information on transfer pricing The entities... Read More →
Important tax changes, including: Corporate Income Tax (CIT) for limited partnerships, introduction of the so-called Estonian CIT – from 1st January 2021
The Polish President has signed two amendments to income tax laws adopted by the Sejm, which provide, amongst others, for the CIT treatment of limited partnerships and introduction of the so-called Estonian CIT. The amendments will enter into force on 1st January 2021. Important: The new taxation laws for limited... Read More →
New standard of JPK_VAT (Audit File (SAF-T))
From 1 October 2020 the currently used VAT-7 and VAT-7K declarations will be replaced by one electronic document JPK_VAT which is: JPK_V7M – for taxpayers who have declared monthly VAT settlements, or JPK_V7K – for taxpayers who have declared quarterly VAT settlements. The new JPK_VAT was supposed to come into... Read More →
We would like to remind you that by virtue of the Anti-Crisis Shield 4.0 the deadlines for submitting transfer pricing documentation for the year 2019 have been extended
We inform about the extension of the deadline for submitting the information on transfer pricing. By virtue of the Anti-Crisis Shield 4.0 the deadlines concerning transfer pricing have been extended. for submitting the information on transfer pricing and for submitting statement on preparation of local transfer pricing documentation: to 31... Read More →
