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Changes in the Act of Waste
We would like to remind you that almost every entrepreneur is obliged to make an entry and download a registration number in the Waste Database (BDO). The lack of a proper entry in this register or the lack of a BDO number on invoices of an entrepreneur may result in...
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Obligation to complete the data in the Central Register of Real Beneficiaries
Updated: 10-07-2020 Dear Sir/Madam, On 13 October 2019, the Central Register of Beneficial Owners began to operate. It is an IT system maintained by the minister competent for public finance, used to process information about beneficial owners beneficiaries, i.e. natural persons exercising control over Polish commercial companies. Below we present...
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Method of settling accounts between a shareholder and a limited liability company
Important interpretation of the rules Entrepreneurs are obliged to make or accept company payments through their own bank accounts, when the one-time transaction value exceeds PLN 15,000.00. Failure to comply with this obligation removes the possibility for this payment to be taxable deductible for this transaction, which was made without...
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Tax Focus 2019 | Zero PIT – Tax relief for people under the age of 26
From the 1st August, 2019 an exemption from taxation of salaries of people under the age of 26 years of age was introduced. The rules of using zero PIT for young people are advantageous for those employed under a contract of employment, induction work and commission. Not all salaries and...
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Legal Focus 2019 | Ultimate Beneficial Owners of Polish Companies
The Central Register of Beneficial Owners in the New Law on Counteracting Money Laundering and Terrorist Financing Dear ladies and gentlemen, We would like to draw your attention to a recent Act that will come into effect in September 2019. The legal advisors of sdzlegal Schindhelm, in co-operation with getsix®,...
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Postponement of the ruling on certain Withholding Tax (WHT) provisions until 1st January, 2020
Dear ladies and gentlemen, We recently advised you regarding the implementation date for Withholding Tax (WHT). By virtue of the Regulation of 27th June, 2019, the Minister of Finance postponed the application of some of the amended provisions regulating WHT collection by CIT taxpayers. The ruling of the new regulations...
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Upcoming changes in the area of VAT settlements soon to come into force
Updated: 11-10-2019 Updated: 30-08-2019 Dear ladies and gentlemen, We would like to draw your attention to a broad package of changes in the area of VAT settlements, which should come into force in the second half of 2019. Some of the changes (concerning the mandatory application of the split payment...
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No right to deduct VAT for the purchase of fuel cards if the transaction is a financial service
Entities who initially purchase fuel cards used for cashless supplying of fuel to companies do not buy and resell fuel, but they provide a financial service involving crediting the purchase of this fuel. Therefore, they are not subject to VAT, and their users do not have the right to deduct...
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Implementation of New Withholding Tax Requirements
These new requirements will essentially provide certain conditions that must be met in order for a withholding tax reduction or exemption to apply in relation to payments to non-residents under tax treaties or other special regulations. This means that if the conditions are not met, then standard domestic rates must...
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getsix | From 1st May, 2019 a new matrix of VAT rates was applied to cash registers
The 1st May, 2019 is the effective date of Act of 15th March, 2019 amending the Tax on Goods and Services Act and of the Trade Metrology Act (Journal of Laws [Dz. U.] of 2019, Item 675), i.e. the so-called On-Line Cash Registers Act. The new generation of cash registers...
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