31 December 2024 is the deadline to fulfil obligations to publish information on the execution of tax strategy for the tax year Deadline We would like to remind you that 31 December 2024 is the deadline for fulfilling the obligations regarding the publishing information on the implemented tax strategy for 2023. For taxpayers whose tax…
Transfer Pricing documentation obligations for 2023 – deadlines are fast approaching! Key deadlines are approaching for: Local transfer pricing documentation (Local File), Transfer pricing information (TPR), Group transfer pricing documentation (Master File). In 2024, these deadlines will arrive quicker than ever before.[1] Local File – begin preparing without delay This is your final call to…
Which transactions are worth reviewing by the end of this year to recover VAT? On 31 December 2024, the time limitations period for VAT settlements from December 2018 to November 2019 will expire. Therefore, it is advisable to verify your documents allowing to reduce output tax or include input tax before the expiry a possibility…
Support for rainfall and flood sufferers – VAT, CIT and PIT implications In mid-September, Poland, like some other countries in the region, experienced severe rainfall that led to widespread flooding. In response, the Polish government declared a state of natural disaster. To support those affected, several tax measures were introduced. Below, we describe the most…
Employer’s liability for VAT on empty invoices issued by an employee – NSA judgment of 3 September 2024 (ref. I FSK 1212/18) Last Tuesday (i.e. 3 September 2024), the Supreme Administrative Court [hereinafter: NSA or the Court] issued a judgment (I FSK 1212/18) in a case that was the subject of a ruling by the…
Improved proposal of changes to property tax On September 3, 2024, the Ministry of Finance presented a new draft of changes to property tax, which are to apply from 2025. The previous draft was the subject of a consultation conference, which was also attended by representatives of local governments and entrepreneurs. The new wording of…
“JPK CIT” reporting from 2025 – a new obligation for all taxpayers On August 16, 2024, the Minister of Finance signed a regulation regarding the details of JPK CIT reporting. It is to be formally published in the near future. JPK CIT is a new obligation regarding the transfer of data from accounting books to…
CJEU has ruled on the legality of DAC 6 provisions under EU law The last few days have seen two important judgements on the reporting of tax schemes. First, the verdict of the Polish Constitutional Tribunal (CT) confirming the inviolability of professional secrecy (for the time being, only for tax advisors, as it was this…
DAC6 (MDR) legislation is unconstitutional as regards the duties of tax advisers The Constitutional Tribunal ruled that the provisions regulating the reporting of tax arrangements (MDR) are contrary to the Polish Constitution to the extent that they interfere with the scope of professional secrecy of tax advisers. What follows from the Constitutional Tribunal judgment? The Constitutional Tribunal (CT) indicated…
Concerning draft of real estate tax changes On 17 June 2024, the long-awaited draft of amendments to the real estate tax regarding the definitions of a structure and a building appeared, which are to take effect from 2025. The changes are necessitated by rulings of the Constitutional Tribunal, in particular in the context…