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Significant tax reform

The Ministry of Finance has published a comprehensive draft amendment to tax regulations as part of the “Polish Deal” program. A very extensive document (225 pages) includes many changes in various taxes (PIT, CIT, VAT). Below we present a synthetic overview of the most important of them. 1. Principles of tax progression (PIT) As part

No tax on redemption (Financial Shield)

The Minister of Finance signed a decree on redemption of tax on income (revenues) due to redemption of financial subsidies granted from the Financial Shield of the Polish Development Fund. The non-collection of tax will apply to the income (revenue) obtained by the beneficiaries of the support from June 1, 2021 to December 31, 2022.

  • Published in CIT

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

  • Published in VAT

Telematics services and withholding tax

Telematics services are becoming more and more popular, especially for companies with a large fleet of vehicles. The vehicles are fitted with devices that enable their tracking (using GPS), downloading data from on-board computers, etc. Such effects are achieved thanks to special software. In practice, as in the case of many other services, suppliers of

  • Published in CIT

Capital repatriation program and changes in transfer pricing

The Ministry of Finance presented another set of tax proposals under the “Polish Deal” program. Their guiding idea is the return (repatriation) of capital to Poland. Additionally, it is proposed to simplify the provisions on transfer pricing. Transfer pricing simplifications Following the decisions of the Transfer Pricing Forum, the Ministry proposes the following solutions: elimination

“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

Another tax proposals as part of the “Polish Deal”

The Ministry of Finance presented another package of proposals for taxpayers under the “Polish Deal” program. They focus on facilitating easier settlements and new tax reliefs. The regulations are to enter into force on 1 January 2022. The “Estonian CIT” The Ministry proposes to simplify the regime and to make it more accessible, especially through:

  • Published in CIT

New tax reliefs under the “Polish Deal” – proposals of the Ministry of Finance

The Ministry of Finance proposed solutions in the field of tax reliefs, which are part of the so-called “Polish Deal”. R&D relief The most important change is the proposal that all taxpayers should be able to deduct 200% of employee costs as part of R&D. Relief for innovative employees According to the proposed regulation, a

  • Published in CIT

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

  • Published in VAT

Limitation of tax liabilities and private rental. Two important resolutions of the Supreme Administrative Court

The Supreme Administrative Court today adopted two resolutions important for taxpayers: administrative courts may examine the legitimacy of initiating fiscal penal proceedings, i.e. whether they could only serve to suspend the limitation period for a tax liability – sign. I FPS 1/21; income derived from rental, lease and similar contracts are included without limitation in

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

  • Published in VAT

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