“Transfer” of real estate between the spouses’ business assets

In business practice, it often happens that the spouses are co-owners of real estate, e.g. commercial premises. If one of them conducts economic activity, then he enters this real estate into his register of fixed assets. But what if the other spouse also becomes an entrepreneur, and the common will is that such a fixed

The “Polish Deal” significantly modified and passed to the Sejm

The Council of Ministers adopted a substantially modified draft amendment to tax regulations under the “Polish Deal” programme. The document has now been submitted to the Sejm. Below we present a synthetic overview of the most important changes in relation to the original proposals. 1. Health insurance contribution The adopted project specifies that the basis

SLIM VAT 2 and signing of financial statements

We would like to inform you about two important events in the tax and legal field. “SLIM VAT 2” package Any day an amendment to the VAT Act will be published in the Journal of Laws, implementing the so-called “SLIM VAT 2” package. The most important changes within the package include: resignation from the condition

Significant tax reform

The Ministry of Finance has published a comprehensive draft amendment to tax regulations as part of the “Polish Deal” program. A very extensive document (225 pages) includes many changes in various taxes (PIT, CIT, VAT). Below we present a synthetic overview of the most important of them. 1. Principles of tax progression (PIT) As part

Failure to pay VAT by the contractor and the right to deduct input tax

The right to deduct input tax is a fundamental right of a taxpayer under VAT regulations. However, there may be a situation in which our contractor does not pay the output tax, which was the input tax for us. In such a situation, does the taxpayer lose the right to deduct input tax? It is

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“The Polish Deal”: Tax relief for increasing sales, Polish Holding Company, Investment agreement

The Ministry of Finance has published further proposals for tax changes in the so-called Of the “Polish Deal”. They include, in particular, the following. Relief for increasing sales The relief of the relief is another novelty in the Polish tax system. The taxpayer could deduct from the income the costs incurred in order to increase

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

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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

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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

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