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This is a page for the tag VAT Settlement
Extension of deadlines for the filing of TPRs and transfer pricing documentation
The deadlines for the filing of the TPR and the statement on the preparation of local transfer pricing documentation for 2021 have been extended – thus, for companies whose financial year 2021 coincided with the calendar year, the deadline is, in principle, 30 December 2022. For entities whose financial year...
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The obligation to prepare the Transfer Pricing documentation
We would like to inform you, that as of January 1, 2021, pursuant to Art. 11o Sec. 1a and 1b of the Corporate Income Tax Act, the obligation to prepare the Transfer Pricing documentation also applies to a controlled transaction or a transaction other than a controlled transaction, if the...
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Special procedure – Import of goods from outside the EU (Import One Stop Shop)
From 1 July 2021, the special procedure Import OSS (IOSS) came into force. It applies to distance sales of imported goods originating outside the European Union, the total value of which in a consignment does not exceed €150 and which are not subject to excise duty. The extension of the...
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Documentation thresholds in transfer pricing in 2022
Among the many legislative changes, from 1 January 2022, also those concerning transfer pricing came into force. In particular, they point to formal and documentation issues, including those informing about the thresholds at which homogeneous controlled transactions must be documented. The transfer pricing documentation is prepared for transactions whose value...
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One Stop Shop (OSS) system and changes to VAT
Accounting contact for Amazon and the eCommerce industry: Accounting Office: Poznan Marta Senior Customer Relations Manager Contact: Send e-mail Contact for international VAT settlement and registration: Danuta Senior Account Managerfor Online Sellers Contact Form » Until now, all e-commerce companies from the EU that sell goods to other EU countries,...
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General ruling regarding classification of transactions carried out with the use of fuel cards for VAT purposes
On 15 February 2021 the Polish Minister of Finance issued a general ruling regarding classification of transactions carried out with the use of fuel cards for VAT purposes. It affects the settlement of VAT. The ruling applies only to three-party transactions where the card is provided by an intermediary entity...
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Transfer pricing in Poland – Documentation thresholds 2021
The taxpayer is required to prepare local transfer pricing documentation for a controlled transaction of a homogeneous nature whose value, less value added tax, exceeds the following documentation thresholds in the financial year: 10,000,000.00 PLN – in the case of a commodity transaction, 10,000,000.00 PLN – in the case of...
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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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Simplification to Slovakian VAT registration
From the 1st January, 2018, non-resident Slovakian businesses may side-step the responsibility to VAT register for intra-community transactions and distance sales from Slovakia. At present, foreign companies must apply for a Slovakian VAT registration, if they are acquired or dispatch goods on a B2B basis through Slovakia. Or if they...
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Belgium government praised for efforts to reform their tax system
Moody’s the international ratings has praised efforts by the Belgian Government to reform their tax system, and said that strong corporate tax revenues combined with prudent fiscal policy have strengthened the nation’s creditworthiness. Moody’s said in a report published on the 8th December that advanced corporate tax payments have been...
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