Legislation and practice – August in taxes and business law

We present below a short summary of the most important changes in tax/business law and practice in August. Legislation Tax practice Income taxes and transfer pricing VAT Other

CSRD – new obligations for entrepreneurs are coming

CSRD – new obligations for entrepreneurs are coming Sustainable development. It is a slogan that is being changed by the various bodies of the European Union in all cases. An important element of sustainable development promoted at all EU levels is CSR, i.e. corporate social responsibility. Through a number of initiatives, EU bodies aim to

Polish Simple Joint Stock Company (usually) without tax on civil law transactions

Polish Simple Joint Stock Company (hereinafter: “PSA”) is a relatively new form of doing business in Poland. It has been in existence for just over two years, so it is hard to say at this point that it has conquered the market. Nevertheless, it has a number of advantages, which may make it the vehicle

10 KSeF challenges – according to ULVE

The Act introducing mandatory electronic invoicing using the National e-Invoicing System (KSeF) from 1 July 2024 has already been published in the “Journal of Laws”. What is the KSeF? In general, it is a system that will enable structured invoices to be issued and made available. In other words, it is a mechanism by which

  • Published in VAT

New responsibilities for digital platform operators looming

The world has recently been abuzz about the fierce competition from major technology corporations in the area of artificial intelligence (AI). And while every now and again one hears about the implementation and application of ever newer technological solutions in business, this rapidly changing economy is being followed by global legislation, including that of the

Legislation and practice – July in taxes and business law

We present below a short summary of the most important changes in tax/business law and practice in July. Legislation An amendment to the VAT Act – the introduction of a mandatory e-invoicing (KSeF) – was passed to the President. The Sejm rejected the ‘veto’ of the Senate. The Sejm passed act amending the Personal Income

Contribution of real estate – how much VAT to deduct?

Very often real estate is the subject of non-monetary contributions (in-kind contributions) to companies. Such a transaction gives rise to certain VAT consequences – both for the contributor and the receiving company. Pursuant to the wording of Article 5 sec. 1 point 1 of the Polish VAT Act, supply of goods and provision of services

  • Published in VAT

Overpayment of tax and tax liabilities

Taxpayers who show a tax overpayment, if they do not have any arrears or current tax liabilities, have the possibility to request that it be refunded or credited to “future taxes”. This is indicated by Article 76 § 1 of the Tax Ordinance, according to which: “Overpayments, together with their interest, shall be credited ex

Whistleblower legislation ahead

The European Union has made the diagnosis that a significant problem occurring in many organisations is illegal, improper or unethical activities occurring within them. In order to minimise such phenomena, a set of regulations to counteract this has been published, in the form of Directive (EU) 2019/1937 of the European Parliament and of the Council

Legislation and practice – June in taxes and business law

We present below a short summary of the most important changes in tax/business law and practice in June. Legislation The Act amending the VAT Act (the “SLIM VAT 3”) package was published in the “Journal of Laws” (item 1059). The Decree on the cancellation of the state of epidemic emergency in the territory of the