Assumptions of the ‘Polish Deal’ program as explained by the Ministry of Finance – significant changes in personal income taxation and social security On May 15, 2021, the general assumptions of the “Polish Deal” program were presented. Changes to employees’...

The CJEU judgement concerning the three-month deadline for the settlement of input tax in the case of Intra-Community acquisition of goods inconsistent with the VAT Directive has been published On 10th May, 2021 in the EU Official Journal the CJEU judgement of the inconsistency...

CJEU: The 20% sanction in the VAT Act inconsistent with EU law On April 15, 2021, the Court of Justice of the EU issued a judgment in the case C-935/19 Grupa Warzywna, in which it found that the provisions of the Polish VAT Act in the field of 20% sanctions infringe EU regulations. In...

Polish Minister of Finance on VAT and fuel cards – general tax ruling On 15 February 2021, The Polish Minister of Finance issued a general ruling on VAT and fuel cards (PT9.8101.3.2020). Taxpayers have been waiting for the ruling for a long time – in practice since...

VAT on conversion of perpetual usufruct into a right of ownership. The CJEU judgement, case C-604/19 Gmina Wrocław On February 25, 2021, the Court of Justice of the European Union issued a judgment in case C-604/19, Gmina Wrocław, regarding VAT on conversion of perpetual...

General Advance Tax Ruling concerning tax deductible costs on the sale of receivables under factoring February 15th 2021 The Minister of Finance issued a general advance tax ruling favourable to taxpayers under which the taxable revenue generated on the transaction that created...

Upcoming deadlines for fulfilling the transfer pricing obligations for 2019 and 2020 In case of taxpayers meeting certain criteria (details below), the first quarter of 2021 may require fulfilling transfer pricing obligations for the tax years 2019 and 2020. The obligations...

Interesting changes in taxation for entrepreneurs – decision to be taken by 22. February 2021 From 1st January 2021, most entrepreneurs running a business individually or as partners in a civil/general partnership of individuals may choose a lump-sum as a form of taxation...

Specific task contracts – new reporting obligation. More transactions require transfer pricing documentation from 1 January 2021 1 January 2021 marks the launch of new regulations in tax law regarding documentation obligations in the field of transfer pricing. These  expand...

Specific task contracts – new reporting obligation From 1st January  2021, social security payers are obliged to inform Social Insurance Institution (ZUS) of the conclusion of a specific task contracts concluded with individuals. ENTITY OBLIGED TO REPORT CONTRACTS Social...

Abolition tax relief in 2021 – unfavourable changes for PIT tax payers The latest amendment to the PIT Act of November 28, 2020 limits the abolition tax relief. What is abolition tax relief? Polish tax residents, who receive income for work performed abroad, as a rule,...

Withholding tax rules regarding payments exceeding PLN 2 million p.a. shall come into force on 01.07.2021 Another postponement of the entry into force of the withholding tax refund model   The application of new withholding tax (WHT) rules was divided into 2 steps,...

SLIM VAT package will probably come into force as of 1 January 2021. As of January 1, 2021, the so-called SLIM VAT package amending the provisions of the VAT Act will probably enter into force. The amendments were adopted by the Parliament on 16th December 2020. As announced...

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...