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...

New regulations on cash registers Dear Sir or Madam, We would like to draw your attention to new regulations regarding the recording of sales by fiscal cash registers, which entered into force on 1st May this year which: introduce online cash registers, set forth groups...

Obligatory split payment effective soon! The Ministry of Finance has published a bill amending the VAT Act and some other acts, providing for the introduction of a mandatory split payment model for certain transactions from 1st September 2019. Although, in our opinion, the...

CJEU’s Judgement in Case C-235/18 Vega International of 15 May 2018 may contribute to a change in the taxation of fuel cards in Poland On 15 May 2019, the CJEU gave a judgement in Case C-235/18 Vega International Transport and Logistic – Trading GmbH vs. the Director...

Draft new regulations on advance pricing agreements finally revealed As announced, the Ministry of Finance revealed, delayed by almost a year, draft Act on the settlement of double taxation disputes and Advance Pricing Agreements [the Act]. The following highlights the...

No deal BREXIT – import and export according to the Union and British rules Numerous voting of the British Parliament and the negotiations with the European Union have not prevailed yet the no-deal BREXIT. The no-deal BREXIT might be happening at the 12th of April 2019...

Closer to mandatory split payment in Poland Draft of the executive decision of the Council of the European Union authorising Poland to introduce a mandatory split payment mechanism was published on 23rd January 2019 by the European Commission. The draft is related to the...