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7 January 2019
Piotr LISS
The amended Act on Corporate Income Tax introduces a new mechanism for collecting withholding tax, as set forth in Article 26 paragraph 2e of the Act on Corporate Income Tax (i.e. Journal of Laws of 2018, item 1036, hereinafter: the CIT Act).
21 December 2018
Piotr LISS
On 1 January 2019, new provisions of the PIT Act and the CIT Act will enter into force as regards claiming expenses related to passenger cars used for business purposes. They will introduce a major change in the existing rules and principles concerning, among others, capital allowances, determining the tax deductible costs of selling, as well as claiming lease rentals and running costs of passenger cars against tax.
18 December 2018
The efforts to make the collection of the value-added tax more effective are an evident tendency in all of the European Union, including Germany. The tax administrations perceive goods coming from outside Europe, mainly from Asian markets, to be a serious problem at present. These vendors often do not pay taxes, which significantly distorts the competition and, what is more, it depletes the budgets of EU countries.
6 December 2018
By virtue of the Act of 4 October 2018 on employee capital plans, all employers are required to implement the Employee Capital Plan (PPK) in their organizations.
26 November 2018
Piotr LISS
On 1 January 2019, an extensive amendment of the Corporate Income Tax Act (hereinafter referred to as the CIT Act) will enter into force, thus introducing very significant, not to say groundbreaking, rules and principles of collecting the withholding CIT. Reduced rates or exemptions from CIT shall continue to apply to the payment of dividends, interest, royalties and fees for certain services; however, there is a number of new formal requirements to be met.
22 November 2018
On 14 November 2018 the Constitutional Court announced its final verdict on the amendment to the Social Insurance System Act of 14 November 2018.
22 November 2018
Tomasz BEGER
In newsletter 9/2018, we informed you about the planned changes in transfer pricing. Now it is a fact: on 14 November 2018, the President signed the Act of 23 October 2018 amending the Personal Income Tax, Corporate Income Tax, Tax Ordinance Act and certain other acts. In the newsletter below we are going to summarise the regulations that have been introduced.
20 September 2018
Piotr LISS
On 24 August 2018, the Ministry of Finance published a draft act amending the Personal Income Tax Act, the Corporate Income Tax Act, the Tax Ordinance Act and certain other acts (hereinafter referred to as the “Draft Amendment”). In the present article, we will focus on the most important planned changes in the Corporate Income Tax Act (hereinafter referred to as the CIT Act), as they can be approached from two perspectives. On the one hand, the Draft provides for considerably simplified procedures and introduces new tax incentives, and on the other hand, it introduces significant restrictions and difficulties for Polish entrepreneurs while boosting tax revenues in an effort to make the tax system more efficient.
3 September 2018
Piotr LISS
The Ministry of Finance published draft legislation that introduces, among others, the ‘exit tax’ to the Polish taxation regime. The point is to tax unrealised capital gains as company’s assets, permanent establishment or tax residence is moved to another country.
10 August 2018
Przemysław POWIERZA
On its website the Ministry of Finance has published the long-awaited tax explanations about the application of the mechanism of split payment between value added taxpayers. We should remember that as of 1 July 2018 entrepreneurs are entitled (but not required) to make payments with the use of this type of settlement system.
24 July 2018
Tomasz BEGER
The latest draft act, amending the Acts on Income Taxes and Certain Other Acts, published on 16 July 2018 is a harbinger of many comprehensive changes in transfer pricing. Less red tape and many simplifications for taxpayers are the principal goals the legislator had in mind. The draft act is now under public consultation, therefore its final wording is yet unknown.
29 June 2018
Przemysław POWIERZA
As of 1 July 2018, filing of the Standard Audit File for Tax (SAF-T, in Polish abbreviated as JPK) shall applyy to all taxpayers – entrepreneurs keeping their books in electronic format.
29 June 2018
Przemysław POWIERZA
The split payment is a mechanism which was introduced in the Polish legal system with the Value Added Tax Act Amendment Act of 15 December 2017 (Journal of Laws of 2018 item 62), based on solutions used in other European countries (Czech Republic, Turkey, Romania, Italy). However, Polish solution is innovative in many aspects, using solutions that were not yet attempted elsewhere. For this reason in the first phase of operation the split payment system will be voluntary, and the Finance Ministry will be monitoring the effects of its introduction (not only fiscal impacts, we hope).
22 May 2018
Piotr STASZKIEWICZ
30 June 2018 is the deadline for the approval of 2017 financial statements for entities whose financial year ended on 31 December 2017.
15 May 2018
Przemysław POWIERZA
The Ministry of Finance has published “The methodology of evaluating due diligence compliance by buyers of goods in domestic transactions” (hereinafter referred to as the “Methodology”) on its website.
22 April 2018
Piotr LISS
As of January 2018, new rules have been in force on the so-called minimum tax on commercial real estate. The Ministry of Finance is currently working on the introduction of changes to that tax, which are the result of consultations between the Polish government and the European Commission (hereinafter: EC).
20 April 2018
Anna LEHMANN
As of 15 March 2018, a new Article 19e of the National Court Register Act (“NCR”) has been in force, under which the financial statements of companies should be filed with the NCR with the use of an online system provided by the Minister of Justice. For such filing to be effective, they must be signed with a qualified electronic signature or a signature confirmed by an ePUAP trusted profile.
29 March 2018
Przemysław POWIERZA
The introduction of a split payment mechanism has been discussed for a long time now. We wrote about it in June last year (20/2017). The new law was meant to be valid from 1 January 2018. Now we know it will be valid from 1 July 2018.
16 March 2018
Tomasz BEGER
In the previous Tax Alert, we were informing you about the plans of the Ministry of Finance concerning the prolonging of the deadlines related to the submission of documents and reporting within the scope of tax documentation. Now it is certain – the order in question was signed by the Minister of Finance and on 15 March 2018, which is the day of its publication (Journal of Laws 2018, item 555), entered into force. In the Tax Alert in question, we shall summarise the regulations introduced within that scope.
26 February 2018
Tomasz BEGER
22 February 2018, draft Regulation of the Ministry of Finance extending deadlines for the  transfer pricing reporting, was published on the Government Legislation Center website. In accordance with the draft Regulation, taxpayers will have additional six months to fulfill the reporting requirements. In this Tax Alert we present you with the planned changes.

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