Tax alerts - archive - page 7

On 2 December, the Sejm delivered to the President for signature the act adopted the day before, which introduced numerous changes in the tax on goods and services, whose effective date is scheduled for 1 January 2017. They include changes in the application of the reverse charge mechanism.  

On the basis of the new regulations on transfer pricing, which will come into force on January 2017, in order to determine the obligation to prepare transfer pricing documentation it is necessary to sum up the value of all the transactions made with a related entity. They cannot be grouped under one type, since this method can be applied only in relation to "other events". This is the result of the individual interpretation issued by the Director of the Tax Chamber in Katowice on 15 July 2016, file ref. No. IBPB-1-2/4510-430/16/JW.  

The employer is not obliged to make advance payment for the tax concerning income in the form of benefits in kind for a former employee if, for reasons beyond the employer's control, the advance payment cannot be charged – confirmed the Director of the Tax Chamber in Katowice in an individual interpretation issued on 15 September 2016, file ref. No. IBPB-2-1/4511-324/16-1/BJ.

On 6 October 2016, the Parliament passed an act amending certain acts setting out the conditions for carrying out innovative business activity (hereinafter: the "Amendment"). The Amendment provides, among others, for modifications to the Personal Income Tax Act of 26 July 1991 (i.e. Journal of Laws of 2012, item 361; as amended; the “PIT Act”) and the Corporate Income Tax Act of 15 February 1992 (i.e. Journal of Laws of 2014, item 851; as amended; the “CIT Act”) in respect of R&D tax relief, which would take effect as of 1 January 2017. The R&D tax relief has been applied since 1 January 2016. For more information, please read our Tax Alert of 12 January 2016 - New R&D tax relief.