Accounting, HR, Payroll, Tax & Legal news from Poland

Re-invoicing for the costs of utilities

Date15 Jan 2016

In business, it is common practice for a firm to pass on the costs, it has incurred (on its own behalf) to another firm that makes use of a specific service in practice. This situation, commonly mentioned to as re-invoicing, can be applied in cases where the parties have another...

The right to deduct VAT with a duplicate invoice

Date14 Jan 2016

The moment at which the payment of duplicate invoices is made is determined by whether a business has received the original sales invoice and the invoice has been recorded in its accounts. Taxpayers still had doubts when they could deduct VAT from duplicate invoices. There are two possible solutions.

The responsibility to adjust tax-deductible costs associated with unpaid invoices are to cease

Date13 Jan 2016

The Act amending the Tax Act of 5 August 2015 and some other acts repeals Article 15b CIT Act and Article 24d PIT Act with effect from 1 January 2016.

Any company which organises an event can offset the expenses for tax purposes

Date12 Jan 2016

Any company which organises a company event can offset the expenses occurred under certain conditions for tax purposes. By contrast, an employee who participates in a business celebration or event should not receive any monetary benefit, which would then be taxable.

The issue of cancellation of invoices

Date11 Jan 2016

The issuer of an invoice document, the bill which has not yet left the business, i.e. has not been received by the recipient of the invoice can be cancelled, providing that the transaction for which it was issued has not been effected.

The new transfer pricing documentation requirements for transactions between affiliates

Date08 Jan 2016

With reference to the rule changes regarding the drawing up of transfer pricing documentation, the responsibility to submit transfer pricing documentation to the tax authority when required, and to create a declaration or a simplified report, will only relate to entities that record revenue or costs of a identified level.

Determining the taxpayer’s property tax in relation to structures erected on wind farms

Date07 Jan 2016

If a property, which is erected with the buildings for wind turbines (the foundations, masts, street and square paving, outer wall, fencing, pipelines), is owned by farmers, and this land was leased for 25 years by the wind farms developers, the parties that pay tax on the land are the...

The minimum wage has been increased to 1850 PLN

Date23 Dec 2015

The minimum wage each year is agreed before 15th September. For this year 2016, the minimum wage has been increased to 1850 PLN (approx. 450 EURO).

Amendments to the Act on Personal Income Tax (PIT): 70% tax on compensation

Date22 Dec 2015

From 1st January, 2016, certain type’s severance pay and compensation connected to non-complete clauses will be subject to tax. Amendments to the Act on Personal Income Tax (PIT): 70% tax on compensation Tax will be subject to, amongst others, compensation awarded on the basis of regulations concerning non-complete clauses will...

Polish Parliament has restricted the period of the conclusion of fixed-term contracts

Date21 Dec 2015

Due to an adjustment to the Labour Code, the Polish Parliament has restricted the period of the conclusion of fixed-term contracts to 33 months. By restricting the common practice, particularly among Polish employers, to employ the same workers over the years without justifying the reason for repeating fixed-term contracts (chain...

Accounting, HR, Payroll, Tax & Legal news from Poland

Re-invoicing for the costs of utilities

The right to deduct VAT with a duplicate invoice

The responsibility to adjust tax-deductible costs associated with unpaid invoices are to cease

Any company which organises an event can offset the expenses for tax purposes

The issue of cancellation of invoices

The new transfer pricing documentation requirements for transactions between affiliates

Determining the taxpayer’s property tax in relation to structures erected on wind farms

The minimum wage has been increased to 1850 PLN

Amendments to the Act on Personal Income Tax (PIT): 70% tax on compensation

Polish Parliament has restricted the period of the conclusion of fixed-term contracts

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The latest Tax, Legal, Accounting
& Payroll News