Lump-sum CIT and Special Investment Account – 2021 From 1 January 2021, corporate income taxpayers will be able to take advantage of two new tax incentives, i.e.: a lump-sum CIT (so-called “Estonian CIT”) and write-offs to a “Special Investment Account”.                                           ...

Changes in CIT and PIT for 2021 have been published Changes in CIT and PIT for 2021 have been published in the Journal of Laws of the Republic of Poland. The most important changes are: Limited partnerships [spółki komandytowe] as CIT taxpayers Limited partnerships will...

Amendments to the Polish-Dutch convention on the avoidance of double taxation The protocol amending the convention on the avoidance of double taxation between Poland and the Netherlands was signed on 29 October 2020. Due to the ratification process, the changes are likely...

The deadline for fulfilling the transfer pricing obligations is really close Due to the COVID-19 pandemic, the deadline for fulfilling the transfer pricing obligations has been extended by 3 months, i.e. until December 31, 2020. We would like to remind you what taxpayers...

COVID-19: Key changes in the operations of administrative courts The current epidemic situation has led the Supreme Administrative Court (NSA) and voivodeship administrative courts to implement a number of major changes in their operations which may be of great importance...

Bad debt relief in VAT after the judgment of the Court of Justice of the European Union On October 15th, 2020 the Court of Justice of the European Union ruled in the case C 335/19 (E. sp. z o.o. sp. k.) that Polish provisions considering the so-called “Bad debt relief”...

A bill introducing tax changes with respect to real estate companies from 2021 planned changes From 2021, the below amendments to  income tax acts relating to real estate industry are intended to be introduced. The bill is currently in the Parliament No. Issue Planned...

Pre-announced liquidation of the tax abolition relief The Polish Council of Ministers has recently published a list of legislative works that includes, among others, changes in the PIT Act and liquidation of the so-called tax abolition relief with effect as of January 1,...

Announcements of the Ministry of Finance – “sealing” of the CIT and PIT systems The Ministry of Finance (MF) announces to publish in Q3 2020 amendments to the income tax acts, including, e.g.: granting a limited partnership [spółka komandytowa] the status of an income...

Polish WHT reform 2021 According to Polish Ministry of Finance (MF), Polish withholding tax (WHT) regime in force from 2019 (but still not applicable based on speciifc regulations issued by MF) will be changed starting from 2021. MF announced during the meeting with business...

Formal letter of practice on ANTI-COVID-19 tax measurements The Ministry of Finance issued formal guidance on the application of anti-COVID-19 tax measurements (link) provided in the anti-COVID-19 “shield” in its several versions. On over 100 pages the Ministry comments on...

Amendment to the MDR regulation As of 1 July, the following changes to the rules for reporting tax arrangements shall apply. Re-reporting of cross-border tax arrangements implemented from 26 June 2018 to 30 June 2020  As of 1 July 2020, the numbers of tax schemes (NTS) assigned...

7 CHANGES IN VAT: The 0% VAT rate in ICS – to change (current practice) or not to change? We are completing the series presenting the 7 changes in VAT regulations which from 1 July 2020 may affect taxpayers’ settlements with a  change that is non-existent and...

Extended deadlines for meeting transfer pricing obligations for FY2019 The fourth version of Polish anti-crisis shield introduces extended FY2019 deadlines for reporting transfer pricing obligations. Nowo ustalone terminy dotyczą obowiązku: filing information on transfer pricing,...

7 CHANGES IN VAT: Changes in the settlement of chain transactions On 1 July this year, the changes concerning the settlement of chain transactions will come into force. The changes are aimed at implementing into the Polish legal system the provisions of the amended Council...