Newsletters

The idea involving the introduction of the so-called Estonian CIT emerged already in autumn 2019 during the Prime Minister Mateusz Morawiecki’s expose in November. This year, on 17 June, this idea came to public attention. 

What an unexpected twist – the Polish Government proposes to postpone the deadline for the fulfilment of transfer pricing obligations. These changes are included in the next anti-crisis draft act on subsidizing interest rates on bank loans granted to ensure financial liquidity of businesses affected by COVID-19 and amendments to some related acts (hereinafter: Shield 4.0), published on 28 May on the website of the Government Legislation Centre. Pursuant to the proposed changes, taxpayers will be given three additional months to meet the reporting obligations concerning transfer pricing. Below we discuss the scope of these changes.

In accordance with the European Commission’s Communication on EU strategy and action plan for customs risk management, on 15 March 2021 the European Union is launching a new EU customs pre-arrival security and safety programme, the so-called ICS2 (ImportControlSystem2). The programme will be launched to strengthen the protection of the internal market and EU citizens. ICS2 will replace the ICS programme.

Zmniejszone przychody, zwiększone koszty, przestoje w produkcji, problemy z dostawami materiałów i surowców, osłabiona efektywność, niewypłacalność – to tylko niektóre z licznych negatywnych skutków, z którymi mierzą się przedsiębiorcy w obecnej sytuacji spowodowanej pandemią koronawirusa SARS-CoV-2. Kryzys gospodarczy wywołany wprowadzeniem w Polsce oraz w wielu innych krajach stanu zagrożenia epidemiologicznego oraz stanu epidemii związanego z rozprzestrzenianiem się koronawirusa stanowi zagrożenie również w kontekście wywiązywania się z obowiązków dokumentacyjnych i sprawozdawczych w zakresie cen transferowych. W niniejszym wpisie przedstawimy kluczowe ryzyka i wyzwania stojące przed podmiotami powiązanymi w zakresie cen transferowych w obliczu wirusa COVID-19.

On 26 March on the website of Polish Sejm a draft act amending the act on special arrangements related to preventing, counteracting and combating COVID-19, other infectious diseases, and resulting states of emergency, and certain other acts was published. The draft act will be considered by the Sejm this week.

From 1 April 2020, large enterprises will be obliged to submit a new SAF-T (in Polish: JPK_VAT) that is going to replace the VAT return and the previous SAF-T. Other entities, i.e. small and medium-sized enterprises and micro-entrepreneurs will have to follow suit from 1 July 2020; however, they have the right to apply this new solution already from April this year. They must keep it in mind, though, that once they submit a JPK_VAT, they cannot return to the old regime.

A micro-account is an individual tax account generated for individual taxpayers, which is used to pay PIT, CIT and VAT.  As of 1 January 2020 taxpayers and employers (payers) will pay PIT, CIT and VAT to the tax office using it.

The BDO register includes entities that market products and packaged products and manage waste. It is an integral part of the product, packaging and waste management database. It makes up an intergral part of the base on products and packagings and waste management. BDO allows for the collection of information regarding waste management and ensures that the registration, recording and reporting obligations can be done online. Depending on the type of business, entrepreneurs are entered to the register either at their own request or ex officio.

On 6 August 2019, the President of the Republic of Poland signed the Act of 19 July 2019 Amending Certain Acts in Order to Reduce Payment Backlogs. This amendment, aimed at strengthening the financial liquidity of businesses, introduces an obligation for certain entrepreneurs to submit annual reports on applied payment terms to the Minister of the Economy.