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Financial shield implemented by the Polski Fundusz Rozwoju S.A. (PFR)
Support mechanisms adopted so far by the Polish government, consisting of the so-called anti-crisis shield, turn out to be insufficient from the perspective of the needs of the entrepreneurs who are suffering the negative economic consequences of the COVID-19 epidemic. The government therefore decided to introduce an additional support programme...
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PFR ‘Financial Shield’ for micro, small and medium-sized businesses
We would like to inform you that on 27th April 2020, the support programme for micro, small and medium-sized businesses implemented by the Polish Development Fund (the so-called ‘PFR Financial Shield’) was approved by the European Commission (EC). Applications should be submitted via internet banking, operated by the banks listed...
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Polish taxpayers have the possibility to deduct donations made to combat COVID-19 from their tax base
We would like to draw your attention to the fact that according to the (new Polish) ‘Anti-Crisis’ Act in order to calculate CIT/PIT income tax or tax advance payments, taxpayers have the possibility to deduct from their tax base donations made from January to September 2020 to combat COVID-19. A...
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Anti-crisis shield 2.0 – support for Polish entrepreneurs
Update: 21.04.2020 The package of laws under the anti-crisis shield have come into force. On 31st March 2020, the Journal of Laws published and thus entered into force a package of laws under the so-called ‘Anti-Crisis Shield’. On the 16th April 2020 a new law was already passed called ’Anti-Crisis...
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Extension of the deadline for filing the CIT-8 corporate income tax return and for the payment of corporate income tax
In connection with the signing by the Polish Minister of Finance of the Decree of 27th March, 2020 extending the deadline for filing the declaration of the amount of income earned (or losses incurred, if any) and payment of the resulting corporate income tax of legal entities (Appendix Dz. U....
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New Tax relief – IP Box in Poland
From January 1, 2019, onwards the IP BOX (Intellectual Property Box) relief is in force in the Polish tax system, available for selected taxpayers allowing them the application of a preferential 5% rate in the PIT and CIT income tax regimes, instead of the standard rate for incomes classified as...
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The tightening of the rules on documentation of intra-Community supplies of goods
The revision of EU legislation (Council implementing regulation 2018/1912) will bring about some fairly significant changes in the settlement of cross-border transactions from 1st January 2020. One of them is a tightening of the rules on how companies document their intra-Community supplies of goods and apply a 0% rate to...
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Tax Focus 2020 | Important change in tax payments: Individual Tax Account
From the beginning of 2020, every company will have one individual tax account (the so-called ‘tax micro account’) which will pay your PIT, CIT and VAT liabilities. So instead of previously making payments to three accounts, you will only have to make one payment to your individual tax micro account....
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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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