Amazon sellers & VAT in Poland
Many clients of getsix® are foreign Amazon sellers from other European Union (EU) countries or from outside the EU. getsix® handles the VAT registration process for these Amazon dealers in Poland, as well as the further Polish VAT compliance. All correspondence is done in German or English language and mostly...
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Creation of a digital single market is one of the European Commission’s key priorities
It clearly follows from the communication “A Digital Single Market Strategy for Europe”, which was issued by the European Commission in May 2015 that the creation of a digital single market is currently one of the Commission’s key priorities. This goal shall be achieved, among others, by even greater harmonisation...
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New transfer pricing regulations come into force – Part 2
New transfer pricing regulations came into force on 01/01/2015. The new regulations will extend the scope of responsibilities related to documenting transactions with associated enterprises.
Changes to the social security system
The Act e.g. imposes from 1st January 2015, the obligation on members of supervisory boards to pay retirement and disability pension contributions. The pension contributions will be assessed on the revenue received by supervisory board members for performing their function and will be withheld and paid by the entity to...
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New regulations on transfer prices and transfer pricing – Part 1
The regulations on transfer prices and the transfer pricing documentation which were introduced on the 1st January 2015 are of great importance because.
Most important tax changes effective 1st January, 2015
Private use of company cars from January 2015 From the start of 2015 the private use of a company car up to and including an engine size of 1,600cc (cylinder capacity) will be taxed on the basis of a assumed cash benefit of 250.00 PLN. The tax rate will be...
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The tax authorities have the right to demand money from taxpayer’s business partners
For the repayment of tax liabilities owed by companies, tax authorities have the right to demand money from taxpayer’s business partners who have liabilities due to deliveries, works and services. This allows Article 89 of the code on administrative enforcement proceedings. In such cases additional obligations are imposed on taxpayer’s...
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The failure of the tax avoidance regulations
Embarrassing government mistakes in legislation, after new regulations on tax avoidance law were passed and signed by Parliament and the President on 17th September, 2014. The Government Legislation Centre had two weeks to publish this law, to enable the new legislation to come into effect next year, but the publication...
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Stamp duty in case of power of attorney
Stamp duty is levied when filing and depositing documents to confirm the power of attorney, registered commercial power of attorney, an executed copy or excerpt in the context of public administration or legal proceedings. This was stressed by the Polish Finance Minister in his general comments on October 13, 2014...
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Change to the regulation for a Controlled Foreign Company (CFC)
On the 9th August, 2014, Sejm (lower chamber of the Polish Parliament) has approved the amendments from the Senate, to the draft bill amending the Corporate Income Tax Act, Personal Income Tax Act and other Acts, and thereby introduced new rules on CFC’s. These changes were largely to confirm and...
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