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From 01.2022, new TAX FREE regulations
Numerous amendments to the VAT Act passed in July did not omit the TAX FREE system. The amended regulations will come into force as soon as January 1, 2022. Therefore, entrepreneurs who have not yet adjusted to the new regulations have little time left to implement the necessary changes in...
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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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Changes with regard to the settlement of negative credit notes
Our Customer Relation department, in cooperation with the Accounting department, has prepared the following explanation of the changes to Polish Slim VAT regulations. On 1 January 2021, the so-called SLIM VAT (Simple, Local And Modern VAT) came into force, introducing changes with regard to the settlement of negative credit notes....
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Changes in the jurisdiction of tax authorities from 1 January 2021
On 1 January 2021, amendments to the regulations in accordance with the decrees of the Minister of Finance, Development Funds and Regional Policy of 28 December 2020 came into force. (Polish Journal of Laws of 2020, item 2456). Thus, the scope jurisdiction of the tax authorities in relation to taxpayers...
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Tax limits in Poland in 2021
In 2021, current income limits concerning inter alia status of small-business enterprises: Small-business enterprises (mały podatnik) for PIT / CIT: 9,031,000.00 PLN. Small-business enterprises (mały podatnik) for VAT: 5,418,000.00 PLN. Income limit that entitles lump-sum of taxation of recognised income will increase in 2021 to 2,000,000.00 EUR, which corresponds to...
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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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The changed regulations for intra-Community delivery of goods
We would like to point out from 1st July 2020 the changed regulations for intra-Community delivery of goods came into force. According to the current wording of Article 42(1)(1) of the Polish VAT Act, intra-Community supplies of goods are taxed at 0%. This is provided that the taxable person makes...
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“Anti-Crisis Shield 4.0” – support for Polish companies
We regularly inform you about successive governmental bills referred to as “anti-crisis shields”. On 31st March 2020 this year the Anti-crisis shield 1.0. was adopted and entered into force on the very same day. On 18th April 2020 the Anti-crisis shield 2.0. entered into force. On 16th May 2020 the...
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Since 1 July 2020 a new matrix of VAT rates has been applied
Pursuant to the Act of 9 August 2019 amending the Value Added Tax and several other acts (Journal of Laws of 2019 item 1751, 2200 and of 2020, item 568), since 1 July 2020 a new matrix of VAT rates has been applied. Once in force, the Polish Classification of...
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