Re-invoice for the transport of imported goods

Today, the situation from our practice: the importer bears the costs of international transport of goods (from outside the EU). This cost is then re-invoiced to an entity other than the buyer of the goods. What should the VAT rate look like? According to Article 83 sec. 1 point 20 of the Polish VAT Act

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Compliance – a way to minimize risks

Running a business is associated with many risks. Some of them are risks related to the legal regulations themselves. Tax or environmental regulations establish many unclear, imprecise obligations. On the other hand, penalties and sanctions for violating them are specified in detail and, as a rule, severe. In particular, deficiencies in the correctness of settlements

Legislation and Practice – August in taxes and business law

Below we present a short summary of the most important changes in tax/business law and practice in August. Legislation A draft act amending the Personal Income Tax Act, the Corporate Income Tax Act and the Act on Flat-Rate Income Tax on Certain Revenues Generated by Natural Persons has been published on the website of the

Buyout of a car from a lease to private property, donation and resale – consequences in PIT and VAT

The termination of an operating lease agreement is the moment when the entrepreneur must generally decide on the further fate of the vehicle used – whether to buy it for a company or for private property, and ultimately perhaps also to hand it over to relatives. Each of these choices has different tax consequences, both

Penalties and compensation related to UOKiK proceedings and CIT

The President of the Office of Competition and Consumer Protection is the guardian of competition rules and consumer rights. Entrepreneurs are often punished by this authority or obliged to pay certain compensation to consumers. The question is how such payments are to be accounted for in tax costs for CIT purposes. Pursuant to Article 16

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Adoption of a stepchild and exemption from gift tax

Donations within the immediate family are common. The legislator favours such settlements by granting a tax exemption. It applies in particular to donations to a stepchild or stepdaughter. However, is the prior adoption of such a person by the donor a prerequisite for tax exemption? The Inheritance and Gift Tax Act does not define the

Legislation and Practice – July in taxes and business law

Below we present a short summary of the most important changes in tax/business law and practice in July. Legislation Practice in taxes Income taxes and transfer pricing International taxes VAT Other

Order matters – housing relief pitfalls

When incurring housing expenses for the purposes of applying the housing relief, special care should be taken as to the order in which they are incurred. And this applies not only to expenses for the repayment of credits (loans), but also to expenses incurred directly for the implementation of one’s own housing goals. At the

The rate is 8% for construction works. Goods and services.

When performing construction works related to renovation or modernization, contractors often ask the question about the possibility of applying a preferential VAT rate of 8%. The topic, although it appears in the media many times, can still raise doubts.  At the outset, it should be noted that, in principle, in accordance with Article 41 sec.

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Incoterms, DDP and EXW rules and VAT liability

When making commercial transactions within the import/export of goods, concluding contracts with cross-border contractors, it is often necessary to establish the Incoterms Rules that will apply under a given contract. The most popular Incoterms Rules, and at the same time extremely different ones, are the DDP and EXW Rules, which can determine the moment when

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