RSM Poland


Tax news

If taking business decisions is your daily practice and you are looking for reliable information and a practical guide to complex tax issues, subscribe and follow carefully our tax insights. Here you will find the most valuable and up-to-date content related to domestic and international taxation that may have a material effect on your business, presented in a concise and practical form.

Extended Transfer Pricing Documentation Deadlines for 2020

28 April 2021
Tomasz BEGER
Taxpayers will most certainly be happy to learn that on 8 April 2021 the President signed the Act Amending the Excise Tax Act and Certain Other Acts, which extends the deadline for transfer pricing reporting.

New explanations on transfer pricing adjustment

27 April 2021
Tomasz BEGER
In early April 2021, the Ministry of Finance published explanations on transfer pricing adjustment. These explanations do not constitute the source of law; they are rather an attempt at offering some insight into how to apply legal regulations on transfer pricing adjustments between related entities. In this post, we are going to take a closer look at the most important insights included in the explanations published by the Ministry of Finance.

Polish regulations on the accounting for output and input VAT on the intra-Community acquisition of goods are in breach of EU law

19 March 2021
Przemysław POWIERZA
Yesterday (18 March), the European Court of Justice issued a judgement that is very important for Polish taxpayers. It is a preliminary ruling in case C-895/19, where it was ruled that the Polish regulations on VAT refund in the case of late recognition of ICA are in breach of EU regulations.

Facilitation in VAT for businesses from the UK, Norway and Northern Ireland – update

26 February 2021
Przemysław POWIERZA
Od 1 stycznia 2021 r. Wielka Brytania w relacjach handlowych z państwami Unii Europejskiej traktowana jest jako państwo trzecie. Oznacza to dodatkowe obowiązki dla brytyjskich przedsiębiorców dokonujących czynności opodatkowanych podatkiem od towarów i usług w państwie członkowskim UE (np. w Polsce).As of 1 January 2021, the UK is deemed a third party in business relations with EU member states. This translates to additional obligations for UK businesses performing activities subject to VAT in an EU member state (e.g. in Poland).

Easier VAT procedures for British and Norwegian businesses

22 February 2021
Przemysław POWIERZA
As of 1 January 2021, the United Kingdom is treated as a third country in business relations with the European Union. What this means is that any British entrepreneur who performs transactions subject to VAT in Poland and therefore wants to register for VAT purposes in Poland, must appoint a tax representative. However, changes are on the way.

Estonian CIT

7 February 2021
Piotr LISS
From 2021, certain CIT payers can reinvest their earnings tax-free; this is a tax measure dubbed the ‘Estonian CIT’. It should be noted that this is by no means a reduction of the tax paid; it is about shifting the time when taxable income is recognised while making the accounting records simpler.

New VAT arrangements as of 1 January 2021

19 January 2021
Przemysław POWIERZA
We would like to present the amended Polish VAT regulations that entered into force on 1 January 2021 and may have a material effect on how you account for VAT. We encourage you to take a closer look at it and contact your RSM Poland consultant immediately should you have any questions.

New support scheme: get a tax deferral until the end of 2022

14 December 2020
Przemysław POWIERZA
The European Commission has approved the Polish request to increase the threshold of state aid granted by tax authorities in the form of tax reliefs being either tax deferrals or tax instalments. This threshold will now be EUR 800,000.

Requirement to prepare and publish tax strategy reports from 2021

10 November 2020
Piotr LISS
Last week, the Sejm adopted a whole range of amendments of tax regulations. Apart from the fact that CIT will be levied from limited partnerships and the Estonian CIT will be introduced, taxpayers should also note the provision that is going to enter into force on 1 January 2021 and require companies to prepare the information about their tax strategy for the fiscal year and publish it to make it available to the public. However, this obligation will only apply to the largest taxpayers and tax capital groups.

Polish bad debt relief in VAT is in breach of the EU law

27 October 2020
Przemysław POWIERZA
The CJEU issued a very important ruling that the Polish regulations on bad debt relief are inconsistent with Directive 2006/112/EC.



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