Failure to pay VAT by the contractor and the right to deduct input tax

The right to deduct input tax is a fundamental right of a taxpayer under VAT regulations. However, there may be a situation in which our contractor does not pay the output tax, which was the input tax for us. In such a situation, does the taxpayer lose the right to deduct input tax? It is

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“The Polish Deal”: Tax relief for increasing sales, Polish Holding Company, Investment agreement

The Ministry of Finance has published further proposals for tax changes in the so-called Of the “Polish Deal”. They include, in particular, the following. Relief for increasing sales The relief of the relief is another novelty in the Polish tax system. The taxpayer could deduct from the income the costs incurred in order to increase

Proposals for new tax reliefs and the VAT Group – “tax restart of the economy”

The Ministry of Finance is proposing a package of tax reliefs aimed at reviving the economy. The Ministry proposes to introduce: relief for the initial public offering of shares (IPO relief); relief for investors via Venture Capital funds that invest capital in innovative enterprises; consolidation relief; expansion relief; changes in the so-called “Estonian” CIT. In

“Slim VAT” 2 adopted by the Council of Ministers

The Council of Ministers adopted amendments to the VAT Act – “Slim VAT 2” package. Let us remind that the changes include: elimination of the need to correct input tax in the absence of an invoice in the case of import of services; extension of the time to take advantage of bad debt relief from

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Adoption of the VAT e-commerce package by the Sejm

Yesterday, the Sejm adopted an amendment to the VAT Act, including the implementation of the so-called “e-commerce package”. Let us remind that the implemented solutions relate to the following aspects: introduction of the VAT-OSS (VAT One Stop Shop) procedure, which is to replace the VAT-MOSS legal regime and the legal regime of distance sales. In

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Court of Justice of the EU: the so-called The VAT “sanction” does not comply with EU law

The Polish provisions of the VAT Act allow for the imposition of an additional tax liability in VAT (the so-called “VAT sanction”) in the event of understating the liability / increasing the return in the indicated declaration or in the absence of its submission (its amount is 30% or 20% of the due liability). Doubts

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Adoption of the VAT e-commerce package by the Council of Ministers

Today, the Council of Ministers adopted an amendment to the VAT Act, including the implementation of the so-called “e-commerce package”. The implemented solutions relate to the following aspects: introduction of the VAT-OSS (VAT One Stop Shop) procedure, which is to replace the VAT-MOSS legal regime and the legal regime of distance sales. In this way,

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CJEU judgment – Polish VAT regulations inconsistent with EU law

CJEU judgment – Polish VAT regulations inconsistent with EU law Today, the Court of Justice of the EU ruled that the provisions of EU law preclude the application of national rules according to which the exercise of the right to deduct VAT related to intra-Community acquisitions of goods (intra-Community acquisition of goods) in the same

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„Slim VAT” 2

The Ministry of Finance has published suggestions for the amendment of the VAT Act – called the “Slim VAT 2” package. The changes include: facilitating of issuing of collective corrective invoices – including the option of collective correction of specific items from an invoice, as well as entire invoices; elimination of the need to correct

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4 new general rulings

The Ministry of Finance published, yesterday and today, 4 new general ruling concerning: changes in the scope of the leasing contract and sale of the subject during its term, settlements when using fuel cards, sale of own receivables in factoring, and taxation of vocational training. Changing the lease agreement, selling leased items The Minister of