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4 new general rulings

The Ministry of Finance published, yesterday and today, 4 new general ruling concerning: changes in the scope of the leasing contract and sale of the subject during its term, settlements when using fuel cards, sale of own receivables in factoring, and taxation of vocational training. Changing the lease agreement, selling leased items The Minister of

Structured invoices and the National System of e-Invoices

The Ministry of Finance has today published a draft act amending the VAT Act and introducing regulations in the field of e-invoices and the National System of e-Invoices (pol. KSeF). The draft introduces the concept of “structured invoices”. A structured invoice will be a specific form of an electronic invoice, which will, in practice, become

  • Published in VAT

Advertising duty – a new public burden

Today, the Ministry of Finance published a draft law introducing a new public levy – advertising duty. The new duty is in line with the global trend of introducing broadly understood “digital taxes”. The Ministry of Finance informs that the purpose of introducing new regulations is to obtain additional funds to prevent long-term health, economic

Verifying contractors in 2021, must one be even more diligent?

As part of counteracting the erosion of tax receivables, the legislator has for some time been imposing on taxpayers new obligations to verify contractors. Their common denominator is to make the taxpayer (or remitter) “jointly responsible” for the correct tax settlements under the transaction. The taxpayer (or the remitter) should, in particular, verify the status

2021 loan in tax settlements

How will loans concluded in 2021 differ from those in previous years in terms of taxation? Significant changes in tax law regulations that come into force at the beginning of each new year no longer surprise anyone. Practice shows that the changes concern many aspects, and their main principle is a “spot” intervention in order

  • Published in CIT

Slim VAT – entry into force from 2021

Yesterday, the president signed an amendment to the provisions of the VAT Act, the so-called “SLIM VAT” package. It will soon be published in the Journal of Laws. This package is intended to facilitate some aspects of daily settlements for taxpayers The most important changes are: increasing the limit for small value gifts from PLN

  • Published in VAT

Upcoming “Brexit” – tax consequences

Although Great Britain is no longer formally a member of the European Union, until the end of 2020 there is a transitional period in which Great Britain is treated for tax purposes as a member of the Union. At the moment, the European Union has not concluded an agreement with Great Britain that would regulate

Information on tax strategy

At the beginning of 2021, tax capital groups and CIT taxpayers with income that excess EUR 50 million will be obliged to prepare and publish information on the tax strategy implemented for a given tax year. It is worth taking a closer look at this regulation. General comments The provisions of the act do not

Amendments to the CIT and PIT Acts published in the Journal of Laws

Today, the provisions amending the Polish CIT and PIT Act were published in the Journal of Laws. Taxation of limited partnerships (spółka komandytowa) and other changes The Act of November 28, 2020 introduces the following changes : limited partnerships and general partnerships having their seat or management board in the territory of the Republic of

  • Published in CIT

Autumn with sanctions?

Parallel to major and minor changes in tax law, also some other legislative works are performed. They are at different stages of realization. Their common denominator is an element of all kinds of sanctions (penalties) for taxpayers / personnel, or the introduction of new obligations in contacts with authorities. It is worth briefly presenting these

Changes in the field of specialized tax offices

The Ministry of Finance has published a draft amending regulation in the field of specialized tax offices. Currently, there are 20 specialized tax offices that provide services to selected taxpayers, primarily the largest enterprises. It is planned that one specialized tax office will be introduced on a national scale, providing comprehensive and professional tax services

WHT and the gross-up clause

Payment of remuneration to foreign entities may result in the obligation to collect the withhold tax (WHT). This applies to the payment of dividends, interest, royalties or remuneration for specific services. Theoretically, the tax is borne by the recipient. Therefore, it should receive its value after the WHT deduction. Nevertheless, some foreign contractors demand to

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