Important deadlines approaching

The upcoming weeks will bring many important deadlines related to the area of tax and business law. It is worth analyzing these responsibilities. Entry into force of the eleventh EU sanctions package against Russia and Belarus – the need to have import documentation On 30th September, the so-called eleventh package of EU sanctions against Russia

Sale of unfinished residential investment and 8% VAT

In real estate industry, it often happens that the subject of the transaction is an unfinished development investment. In this context, it is important from the perspective of VAT to determine the status of a given investment, i.e. to indicate whether we are dealing with the land itself or with real estate in the form

  • Published in VAT

Carbon Border Tax getting closer

On 17 August this year, the European Commission published the Implementing Regulation laying down the rules for the application of Regulation (EU) 2023/956 of the European Parliament and of the Council (hereinafter referred to as: “CBAM Regulation”) with regard to reporting obligations for the purposes of the mechanism of adjusting prices at borders taking into

Legislation and practice – August in taxes and business law

We present below a short summary of the most important changes in tax/business law and practice in August. Legislation Tax practice Income taxes and transfer pricing VAT Other

CSRD – new obligations for entrepreneurs are coming

CSRD – new obligations for entrepreneurs are coming Sustainable development. It is a slogan that is being changed by the various bodies of the European Union in all cases. An important element of sustainable development promoted at all EU levels is CSR, i.e. corporate social responsibility. Through a number of initiatives, EU bodies aim to

Polish Simple Joint Stock Company (usually) without tax on civil law transactions

Polish Simple Joint Stock Company (hereinafter: “PSA”) is a relatively new form of doing business in Poland. It has been in existence for just over two years, so it is hard to say at this point that it has conquered the market. Nevertheless, it has a number of advantages, which may make it the vehicle

10 KSeF challenges – according to ULVE

The Act introducing mandatory electronic invoicing using the National e-Invoicing System (KSeF) from 1 July 2024 has already been published in the “Journal of Laws”. What is the KSeF? In general, it is a system that will enable structured invoices to be issued and made available. In other words, it is a mechanism by which

  • Published in VAT

New responsibilities for digital platform operators looming

The world has recently been abuzz about the fierce competition from major technology corporations in the area of artificial intelligence (AI). And while every now and again one hears about the implementation and application of ever newer technological solutions in business, this rapidly changing economy is being followed by global legislation, including that of the

Legislation and practice – July in taxes and business law

We present below a short summary of the most important changes in tax/business law and practice in July. Legislation An amendment to the VAT Act – the introduction of a mandatory e-invoicing (KSeF) – was passed to the President. The Sejm rejected the ‘veto’ of the Senate. The Sejm passed act amending the Personal Income

Contribution of real estate – how much VAT to deduct?

Very often real estate is the subject of non-monetary contributions (in-kind contributions) to companies. Such a transaction gives rise to certain VAT consequences – both for the contributor and the receiving company. Pursuant to the wording of Article 5 sec. 1 point 1 of the Polish VAT Act, supply of goods and provision of services

  • Published in VAT