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New rules exist for VAT from 01 October
With effect from 01 October, 2013 new rules exist for VAT on goods and services that are designed to prevent tax evasion in the possibility of the so-called sensitive goods. To effectively deal with abuses in the course of their so-called sensitive goods, the following steps have been introduced: Extending...
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The postponed application of the modernised customs code
On 11 June 2013, the Ministry of Finance has announced that the date of entry into force of the modernised customs code on the first November 2013 is postponed. This change allowed the EU’s legislative bodies’ further work on the preparation and implementation of a unified customs code, which will...
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Activities of the special economic zones extended
Activities of the special economic zones were extended after prolonged discussions between the Polish economy and finance departments. The Polish government officially advised, that the expiration date of the special economic zones to end 2026 postponed. Originally, the special economic zones should exist only until the end of 2020. On...
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Changes in the taxation of limited partnerships and partnerships limited by shares in Poland
At the meeting of the council of ministers on August 6, 2013, the Polish government has amended the bill on laws of income tax (PIT) and corporate income tax (CIT) is assumed. The draft stipulates that Polish limited partnership (KG) and limited partnerships are to be applied by shares (KGaA)...
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The provisions referring to bad debt allowances
The provisions referring to bad debt allowances give the possibility to correct the tax basis, and thus in fact the recovery of output VAT paid on invoices left unpaid by the customers. The issuer of the invoice can correct the tax base and the tax due on the supply of...
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US, Poland Sign Revised DTA
by Mike Godfrey, Tax-News.com, Washington 14 February 2013 On February 13, 2013, in a ceremony held at the Polish Ministry of Finance in Warsaw, the United States Ambassador, Stephen Mull, and Poland’s Deputy Finance Minister, Maciej Grabowski, signed a revised double taxation agreement (DTA) between their two countries. The new...
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Taxes in Poland 2013
For our dear Customers as well as for companies looking for a partner in the scope of accounting, our marketing department has created a tax brochure which briefly presents the most significant tax issues relevant for particular forms of business activity in Poland, as well as the changes that occurred...
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The tax fraud investigation in Poland
The Ministry of Finance is going to permit its tax enforcement units an unlimited access to private apartments and houses in the future. According to the draft of changes to the general tax code outlined by the Ministry of Finance, everyone who does not let the tax fraud investigator in...
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Short information on changes in the Polish Accounting regulations – in effect from 01.01.2013
Short information on changes in the Polish accounting regulations. In effect since 01 Jan 2013. We would like draw your attention to the following changes in accounting regulations for 2013: CHANGES IN INVOICING Most significant changes in invoicing include: 1. Contents of an invoice: invoices should be marked “Invoice” instead...
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