Tax - page 2

The Polish Deal that entered into force on 1 January 2022 (with certain exceptions) involves a number of major changes both for companies and natural persons. The changes in 26 legal acts have been introduced in one big package. They have a great impact on crucial things from the taxpayer’s perspective, such as health insurance premiums, personal allowances, new tax thresholds and a range of other regulations. In the article below, we are going to discuss the most important ones the entrepreneurs surely cannot afford to overlook. We have already addressed these changes in detail on our blog, and we encourage you to read it.

The last major amendment to withholding tax regulations was supposed to take effect on 1 January 2019. However, the Ministry of Finance has continued to push back the date of their final implementation by way of successive regulations. They have also announced that they are already working on some new amendments. Thus, Polish entrepreneurs and their foreign contractors still do not know for sure when the announced regulations will become effective nor what they will actually entail.

We are going to continue here with the Polish Deal and tax changes planned for 2022. After the regulations offering simplified procedures in the choice of the Estonian CIT and the innovation support package, another noteworthy new option is preferences for holding companies. This proposal seems interesting, but a more careful analysis of the regulations shows that there are many hazards involved when it comes to these new preferences.

On Monday, 26 July, a draft act amending the PIT Act, CIT Act and certain other acts was published, being a part of what is known as the “Polish Deal”. It rolls out many taxation changes, including more lenient conditions for applying the “Estonian CIT”.

Second edition of RSM International Tax Conference was held on 23-25 January 2019 in Amsterdam. This time, RSM Poland was represented by our Tax Partner, Przemysław POWIERZA  and Tax Manager, Maciej GÓRSKI, who took part in a numer of plenary sessions and workshops within working groups (Global Indirect Tax).

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.

RSM Poland has become one of the conference Partner for "Financing a company's development - new opportunities in 2018", organized by the Poznan Science and Technology Park Adam Mickiewicz University Foundation The other Partners include: the Wielkopolska Agency for Enterprise Development, Wielkopolska Employer's Confederation Lewiatan and the Accountants' Association in Poland, Wielkopolskie Branch in Poznan. The event will be held on 6 February at the PSTP seat (ul. Rubież 46, building H). RSM Poland will be represented at the conference by our Tax Partner, Piotr LISS, who will talk about reliefs regarding research and development (R+D activities).

Last Wednesday, Piotr WYRWA, our Tax Consultant, held an open workshop for the students of the Poznań University of Economics and Business which was organized by Studenckie Koło Naukowe TAX (a Student Academic Society). The topic of the VAT rules applicable to intra-Community transactions in VAT was discussed.

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.

When at the beginning of 2003 first provisions concerning the interpretation of tax law were included in the Tax Ordinance Act, the Polish Ministry of Finance proudly announced its great success. Taxpayers were informed that, from this day on, legal certainty shall increase significantly, resulting from the fact that the interpretation and application of legal provisions will be, technically speaking, known in advance. In practice, as it usually happens, it turned out that the greatest problem is to ensure the uniformity of issued interpretations (initially such interpretations were to be obtained from the head of each tax office, at present they are issued only by a few entitled directors of tax chambers) and to determine the scope of protection guaranteed to taxpayers applying for an interpretation.