TAX ALERTS

Poland: Covid-19 – tax shield package proposal During the press conference on 18 March 2020, Polish Government proposed an anti-crisis package with the following headlines: payment of social security will be deferred (at present relevant individual application is...

Deferment of the tax payment, payment in installments, flat rate CIT installments Due to coronavirus the taxpayers (and tax remitters) may have problems to pay tax on time even before the anti-crisis law is enacted. It is worth to remember that there are some general solutions...

Epidemic emergency in Poland – important informations for employers On March 13th 2020, an epidemic emergency was introduced in Poland. Until further notice, road border traffic was suspended at border crossing points and restrictions were imposed on persons who may...

Brexit with a deal – it’s today Long lasting negotiations between Great Britain and European Union concerning Brexit agreement were ended by the historic voting in European Parliament on Wednesday, 29th January 2020. MEPs approved UK-EU treaty, which means that...

“Small ZUS Plus” for entrepreneurs As of February 1, 2020, a revised option so-called “Small ZUS Plus” will become effective. New regulations will extend number of the entrepreneurs entitled to pay reduced social security contributions and will change the rules for determining...

Pro-health levies called “sugar tax” “Chronic non-communicable diseases, including diabetes and obesity, pose a serious public health challenge.” – it is hard to disagree with this statement of the Minister of Health. However, attention should be paid to fiscal measures...

Withholding tax will not change until 30 June 2020 On 30 December 2019, the Journal of Laws of the Republic of Poland published the Regulation (Regulation) amending the Regulation of 31 December 2018 on the exception or limitation of the withholding tax regulations. Regulations...

Taxpayers have more time for the submission of the CBC-P notification for 2019 In accordance with the Act On Exchange of Tax Information with Other Countries [the Act], entities being part of international capital groups, whose consolidated revenues exceeded in the previous...

The Central Register of Ultimate Beneficial Owners On October 13, 2019 Poland will launch the Central Register of Ultimate Beneficial Owners [The Register] (in Polish Centralny Rejestr Beneficjentów Rzeczywistych – CRBR), thereby implementing the Directive of the...

Brexit is coming – good to be AEO The 31st of October is the Brexit Day according to the current schedule. Great Britain prepares itself intensively for the hard Brexit, which is leaving the European Union without a deal. The European Union offers economic operators to obtain...

17% PIT and higher tax deductible costs as of October 1, 2019 An amendment to the PIT Act, adopted by the Sejm on August 30, 2019, currently awaiting the signature of the President of the Republic of Poland, assumes a reduction of the lowest tax rate from 18% to 17% and higher...

Poland – withholding tax 2019 – pay and refund for payments exceeding PLN 2mln (0,46 mln Euro) per year postponed again! On July 1st, 2019, the revised rules for collecting withholding tax [WHT] on payments (including dividends, interest, royalties, intangible services)...

July 1st, 2019 – withholding tax and special obligations of tax remitters in case of payments exceeding PLN 2M (0,46 mln Euro) per year From July 1st, 2019, new regulations on the collection of the withholding tax [WHT] will be applied. The change will concern payments...

Details of the foreign contractor should be included in an application for an individual tax ruling Since 30 April 2019 a new provision of the Tax Ordinance concerning individual tax interpretations has been in force. WHAT HAS CHANGED? Where an application for an individual...

SAVE THE DATE – REMINDER – CASH REGISTERS – declarations of the employees operating cash registers Dear Sir or Madam, We would like to remind you that until May 31, 2019, all taxpayers who keep records of sales using cash registers are obliged to collect appropriate...