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Blog: Przemysław POWIERZA - page 2

28 August 2018
Przemysław POWIERZA

In newsletter 15/2018, we informed that the Minister of Finance published tax explanations concerning the split payment mechanism (hereinafter referred to as: SPM). Today, I am presenting my first post about the details. Based on the explanations and questions we had received from you, we have created a list of frequently asked questions about the introduction of the SPM. If you are still wondering whether to use the split payment mechanism or not, I encourage you to read my comments.

4 July 2018
Przemysław POWIERZA

In today's entry I will summarize the main assumptions arising from the “Methodology”, i.e. a document containing guidelines helpful for tax administration officials in assessing the exercise of due diligence by entrepreneurs.

29 June 2018
Przemysław POWIERZA

I have written a lot so far about how to verify a contractor in order not to be entangled in tax fraud (Link to previous section). However, there is something else that can protect you from the sanctions of the tax authority and measurable business losses (loss of money and reputation). The Ministry of Finance clearly indicated in the Methodology that the assessment of due diligence will also be carried out by the National Tax Administration (KAS) officials taking the application by the taxpayer of the split payment mechanism, which will become effective as of 1 July 2018 into account.

18 June 2018
Przemysław POWIERZA

In the previous parts of this series, we discussed assumptions behind evaluating due diligence at the onset of cooperation with a contractor. The criteria of analysing due diligence for continued collaboration with the current supplier of goods constitutes the next topic.

11 June 2018
Przemysław POWIERZA

In the previous post, we have managed to discuss most assumptions behind observing due diligence at the onset of cooperation with a new contractor. However, this is not all you can do in order to protect yourself against negative ramifications of dubious transactions. What else should be done? You will find the answer to this question below.

28 May 2018
Przemysław POWIERZA

In the latest post on the blog, we discussed some of the factors the National Revenue Administration officials will be guided by in evaluating due diligence compliance by a taxpayer at the onset of the taxpayer’s cooperation with a contractor. Today we will continue on this topic, hence we are going to take a closer look at the remaining assumptions.

21 May 2018
Przemysław POWIERZA

In the last Tax Alert, we informed you that a Methodology had been published to present common guidelines addressed to tax officials and concerning the evaluation of due diligence compliance by the taxpayer. Today I am going to present my first post dedicated to this topic, in which I will discuss the guidelines set forth in the Methodology and outline potential risks that may arise if you ignore the Ministry’s guidelines for the National Revenue Administration officials.

18 October 2017
Przemysław POWIERZA

Much has been said recently about the need for security procedures that would guarantee the status of taxpayers in good faith towards their contractors. The problem is that with such a procedure it is like choosing a representative company car. Driving a battered Opel station wagon to the customer parking lot brings shame. A shiny Porsche immediately suggests expensiveness. Something in between? By all means – one cannot overdo it one or the other way.

1 September 2017
Przemysław POWIERZA

At present, there is probably no other such publically discussed tax as the VAT. And this is not because the rate is very high (23% is a “temporary” increase that has lasted only a little while, that is since 2011) but because a lot of this tax evaporates. From whom? From all of us.

8 February 2016
Przemysław POWIERZA

Close relationships between our advisors and customers indicate, however, that we prefer to focus on business: We neither expect much from politicians, nor do we think that they will be able to spoil too much. The key issue is that business relationships between Warsaw and Berlin should run smoothly. Still, not so long ago there was no need for discussing political issues in the context of running business in Poland. It seems, however, that we are forced to use these competencies within the German Desk as well...

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