VAT – delivery with assembly or ICA?
Entrepreneurs often buy machines abroad. In practice, the seller provides assistance in its launch and implementation, often sending a team of specialists from abroad. Entrepreneurs often forget that on the basis of value added tax (VAT), such a transaction may be accounted for as one of two taxable activities: intra-Community acquisition of goods (ICA) or
- Published in VAT
Invoice from an unregistered taxpayer and VAT deduction
One of the most common tax problems faced in practice by VAT taxpayers are the situations of receiving an invoice issued by an entity not registered for VAT purposes (which can be seen, for example, by the fact that it does not appear on the “White List”). In such a case, is it possible for
- Published in VAT
DEBRA – tax deduction on capital
The European Commission presented a proposal of solutions concerning the possibility of deducting the value of the capital increase from the tax base. It is a solution that is to build a “counterbalance” to the currently abused – according to the European Commission – debt financing. The genesis of the proposed solutions goes back to
- Published in CIT
Polish “sugar tax” on syrups, powdered drinks and gels
The so-called the “sugar tax” raises, in practice, some interpretation doubts. Pursuant to Art. 12a (1) of the Public Health Act, the fee applies to the marketing of certain beverages (with added sugars, sweeteners, caffeine or taurine) on the domestic market. A drink is a product in the form of a drink and a syrup
- Published in Taxes
Judgment: Operating lease costs are not covered by thin capitalization
The company leased equipment (locomotives) on the basis of leasing contracts, which for tax purposes were operating leasing (balance sheet financial leasing). The company asked whether the locomotive lease payments constitute debt financing costs within the meaning of the thin capitalization provisions (Article 15c of the Polish CIT Act)? In the opinion of the Company,
- Published in CIT
Proposed changes to the “Polish Deal”
Today, Prime Minister Mateusz Morawiecki and Deputy Minister of Finance Piotr Soboń presented proposed changes to the “Polish Deal”, which are to meet “the opinions of taxpayers and experts”. The regulations are to come into force in July this year (although there is no bill yet). Below, the proposals for new solutions presented at the
The Sejm adopted the law on assistance to Ukrainian citizens
Yesterday, the Sejm adopted a law on assistance to Ukrainian citizens in connection with an armed conflict on the territory of that country. The Act contains, in particular, the following solutions: I. Work and social matters Stay legal stay in Poland for 18 months for people who came directly from Ukraine and declared their intention
- Published in Taxes
Action plans for the citizens of Ukraine
The government announces support plans for Ukrainian citizens and tax preferences for individual supporters Assumptions of the draft law The list of legislative works includes the assumptions of the draft law on assistance to Ukrainian citizens in connection with an armed conflict in the territory of that state. According to the information, the act is
- Published in Taxes
Judgments: retroactive deprecation and non-taxation on liability’s expiration
Today we present you two very important rulings of the Supreme Administrative Court from the past week. Retrospective reduction of depreciation rates The taxpayer (company) had a number of fixed assets. Due to the incurred tax losses, the company considered the possibility of lowering the depreciation rates also for the previous years, taking into account
- Published in CIT
“SLIM VAT 3” package – proposals of the Ministry of Finance
Today, the Ministry of Finance published the proposed amendments to the act on tax on goods and services – the so-called “SLIM VAT 3” package. This is another edition of the Ministry’s action, aimed at preparing packages of changes that make it easier for entrepreneurs to settle VAT. Thanks to them, Polish VAT is to
- Published in VAT