New tax reliefs under the “Polish Deal” – proposals of the Ministry of Finance

The Ministry of Finance proposed solutions in the field of tax reliefs, which are part of the so-called “Polish Deal”. R&D relief The most important change is the proposal that all taxpayers should be able to deduct 200% of employee costs as part of R&D. Relief for innovative employees According to the proposed regulation, a

  • Published in CIT

Proposals for new tax reliefs and the VAT Group – “tax restart of the economy”

The Ministry of Finance is proposing a package of tax reliefs aimed at reviving the economy. The Ministry proposes to introduce: relief for the initial public offering of shares (IPO relief); relief for investors via Venture Capital funds that invest capital in innovative enterprises; consolidation relief; expansion relief; changes in the so-called “Estonian” CIT. In

“Slim VAT” 2 adopted by the Council of Ministers

The Council of Ministers adopted amendments to the VAT Act – “Slim VAT 2” package. Let us remind that the changes include: elimination of the need to correct input tax in the absence of an invoice in the case of import of services; extension of the time to take advantage of bad debt relief from

  • Published in VAT

Limitation of tax liabilities and private rental. Two important resolutions of the Supreme Administrative Court

The Supreme Administrative Court today adopted two resolutions important for taxpayers: administrative courts may examine the legitimacy of initiating fiscal penal proceedings, i.e. whether they could only serve to suspend the limitation period for a tax liability – sign. I FPS 1/21; income derived from rental, lease and similar contracts are included without limitation in

Adoption of the VAT e-commerce package by the Sejm

Yesterday, the Sejm adopted an amendment to the VAT Act, including the implementation of the so-called “e-commerce package”. Let us remind that the implemented solutions relate to the following aspects: introduction of the VAT-OSS (VAT One Stop Shop) procedure, which is to replace the VAT-MOSS legal regime and the legal regime of distance sales. In

  • Published in VAT

Remission of debt as tax-deductible cost

Day-to-day business practice involve situations where it becomes necessary to write off debts (receivables) against the debtor. How to account for such an event for corporate income tax (CIT) purposes? Initially, it should be noted that the term “remission of debts” is understood as a voluntary release of the debtor from the debt. Such a

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The right to image – “withholding” tax

Business practice has accustomed us to athletes, artists or other famous figures promoting various goods and services. Accounting follows marketing. The contract providing the right to the image for promotional purposes regulates the issues of remuneration. In the case of non-residents, the question arises whether this type of remuneration is subject to withholding tax in

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Court of Justice of the EU: the so-called The VAT “sanction” does not comply with EU law

The Polish provisions of the VAT Act allow for the imposition of an additional tax liability in VAT (the so-called “VAT sanction”) in the event of understating the liability / increasing the return in the indicated declaration or in the absence of its submission (its amount is 30% or 20% of the due liability). Doubts

  • Published in VAT

Adoption of the VAT e-commerce package by the Council of Ministers

Today, the Council of Ministers adopted an amendment to the VAT Act, including the implementation of the so-called “e-commerce package”. The implemented solutions relate to the following aspects: introduction of the VAT-OSS (VAT One Stop Shop) procedure, which is to replace the VAT-MOSS legal regime and the legal regime of distance sales. In this way,

  • Published in VAT

Easter wishes

Ulve Tax & Legal team would like to wish you a very happy Easter!