Tax advisory
New obligations for VAT taxpayers concerning KSeF
On May 26th, 2023, the Polish Parliament dealt with the act introducing the mandatory National System of e-invoices (KSeF). Importantly, the new draft law has been changed in relation to…
Recording VAT group members – new JPK_GV(1) record structure
There is little time left for VAT group members to adapt their accounting systems to the possibility of submitting JPK_GV (1) records to the tax office.
Tax consequences of repealing the state of an epidemic threat
On May 2nd, 2023, a draft Regulation of the Minister of Health on lifting the state of epidemic emergency in Poland was published on the Government Legislation Centre website. The…
Positive Voivodeship Administrative Court ruling concerning Estonian CIT
A KR Group success! We assisted a client in receiving a positive verdict, turning over the initially negative individual interpretation of the Voivodeship Administrative Court in Warsaw concerning Estonian CIT.
Extension of deadlines for CIT settlements and submission of the
According to prior announcements made by the Minister of Finance on extending the deadline for paying CIT and submitting the CIT-8 declaration, a regulation of the Minister of Finance from…
Amortization for tax purposes of property in real estate companies
The provisions of the so-called "Polish Deal" in effect since January 1st, 2022, introduced Article 15(6) of the CIT Law, according to which real estate companies may recognize as deductible…
New obligations for payment service providers from January 2024
Payment service providers will be required to maintain quarterly records of cross-border payments to payees . The new obligations are connected to the need to implement Directive 2020/284 into the…
SLIM VAT 3 – another simplification in settling value added
On January 24, 2023, the Council of Ministers adopted a draft amending the Act on Value Added Tax, as well as other acts, submitted by the Minister of Finance.
Global minimum corporate tax to be introduced in 2024?
On an ambassadorial meeting held on December 12, 2022, European Union member states managed to reach a unanimous agreement on the global minimum corporate tax.
New PIT-2 form – what is it and how to
From January 1st, 2023, a new form of the PIT-2 statement in version 9 will be in effect.
“VAT in the Digital Age” Directive
The European Union announced the ushering of VAT into digital reality, setting the course for an evolution of the union’s VAT system.
DAC7 Directive – new obligations for selected e-commerce entities
The Council Directive (EU) 2021/514 from the 22th of March 2021, known as the "DAC7 Directive," introduces new reporting obligations on digital platform operators who offer goods and services via…
The deadline for submitting a VAT refund by foreign entities
September 30th, 2022 is the deadline for submitting applications for a VAT refund by foreign entities for VAT incurred on the territory of Poland.
Foreign expansion relief – new tax relief for business growth
Foreign expansion relief is a new cost-based tax relief intended to incentivize taxpayers into acquiring new markets. This relief is oriented to both PIT and CIT taxpayers.
Exclusion of real estate companies from the obligation to prepare
15.12.2021 in the Journal of Laws (under item 2317) was published the Law of 2.12.2021 on amending the Law on special solutions related to preventing, counteracting and combating COVID-19, other…
WHT from January 2022
Under the Polish Deal provisions, changes to withholding tax will enter into force in January 2022. According to the bill, the changes concern: due diligence, the definition of “beneficial owner”,…
Taxation of business operators under the “Polish Deal”
The Act of 29 October 2021 Amending the Personal Income Tax Act, the Corporate Income Tax Act and Certain Other Acts has been published in the Journal of Laws (Dz.U.…
TAX FREE procedure
Businesses selling goods in retail stores can take advantage of the TaxFree procedure. After meeting certain conditions, stores can facilitate VAT refunds for their customers from outside the European Union…
Polish Deal – tax changes for employees
From 1 January 2022, the package of tax changes introduced under the Polish Deal will enter into force in Poland. On 16 November 2021 the act introducing the new regulations…
“Polish Deal”: summary of the most important changes in taxes
On Tuesday, November 18, 2021, the president signed the law on tax changes, which is provided for in the so-called "Polish Deal ". Therefore, we are sure that from January…
CIT on pass-through income
Amendments to the Corporate Income Tax Act introduced by the Polish Deal also include additional, previously non-existent fiscal burdens, which are intended to further tighten the existing tax system in…
New VAT regulations on the National e-Invoicing System
On 1 October 2021 The Parliament has passed a law amending the Goods and Services Tax Act and certain other laws (print no. 1547) concerning the introduction of the National…
Taxpayers have until 15 October 2021 to provide notice of
The deadline for taxpayers to notify the head of their current tax office that they meet the conditions requiring them to move to a specialized tax office is fast approaching.
Changes in the alternative minimum corporate income tax
On 14 September 2021 the Polish government made a correction to its bill to amend the income tax acts which it had filed with the Sejm on 8 September 2021…
Changes in costs of debt financing
The changes to the Corporate Income Tax Act introduced by the Polish Deal also affect the limits on including costs of debt financing among deductible revenue-earning costs (CIT Act Art.…
Changes in VAT in so-called VAT groups
In July, the Polish government presented a bill to introduce broad changes to tax and insurance laws, known as the “Polish Deal.” In addition to changes in income taxes, the…
New SAF-T (JPK_VAT) is coming
As we have already reported, VAT taxpayers will be required to submit a new version of the JPK_VAT file consisting of record and declaration parts. This file will replace the…
