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Keep your business going during the COVID-19 pandemic!
The latest information

  • All
  • Deadlines
  • Employment
  • Good to know
  • Legal
  • Reliefs
  • Taxes

Commercial law - holding meetings of the management boards and supervisory boards in limited liability companies and joint stock companies

Polish authorities have adopted package of laws, commonly called “relief package”, that shall prevent the economic crisis connected with the pandemic of coronavirus SARS-CoV-2. The relief package includes above all amendments to the commercial law, that enables holding meetings of the management boards and supervisory boards in limited liability companies and joint stock companies, with

Binding Rate Information

Regulations regarding Blinding Rate Information will take effect from 1st July 2020, so three month later than primary planned. Thus, till 1st  July current regulations about individual interpretations concerning VAT tax  rate will uphold. We offer support in obtaining binding rate information.

New VAT rate matrix

New VAT rate matrix will take effect from 1st July 2020 instead of 1st April 2020. We offer support in adjusting to the new VAT matrix, in particular by conducting VAT rate review ensuring the application of correct VAT rates resulting from the new matrix.

Retail tax

The deadline for retail sales tax has been extended to 31 December 2020. It is a tax on the excess of revenues from retail sales over PLN 17 million per month.

Annual lease payments

The deadline for payment of the annual lease payments for 2020 has been extended to 30 June 2020, with the possibility of further extension.

Expiry of obligations under commercial space lease agreements

During the period of the ban on operating in commercial facilities with a sales area of more than 2000 m2, the mutual obligations of the parties to the lease, tenancy or other similar agreement by which the commercial space is cast into use expire. Therefore, it is possible to exclude these commercial spaces from the

Changes in transfer pricing deadlines

The deadline for submitting local transfer pricing documentation (TPR) in relation to a group of entities whose tax year or financial year started after 31 December 2018 and ended before 31 December 2019 is extended until 30 September 2020.

Postponement of deadlines for financial statements

The time for preparation and approval of the financial statements has been postponed by three months, and for entities subject to the supervision of the Polish Financial Supervision Authority, for example listed companies - by two months. This means that the annual financial statements for 2019 must be prepared by the end of June 2020

Extension of the deadline for submitting ORD-U and IFT-2R

Extension of the deadline for the preparation and provision of information about: agreements with non-residents - ORD-U - until the fifth month after the end of the tax year for which it is prepared (the extension shall apply to the deadline expiring between 31 March and 31 May 2020); the revenue of non-residents - IFT-2R

Extension of the deadline for submitting CIT-8

Until 31 May 2020, the deadline for submission of CIT-8 return and payment of tax by taxpayers whose tax year ended between 1 December 2019 and 31 January 2020 was extended. Taxpayers whose income is exclusively subject to the tax exemption or whose income from public benefit activities constitutes at least 80% of their total

Bad debts relief (on the side of the debtor)

A preference has been introduced for debtors, allowing them not to show unpaid liabilities after 90 days when calculating corporate income tax advances. The preference is possible if the following conditions are jointly met: negative economic consequences were incurred due to COVID-19; there was a decrease of at least 50% in monthly revenues compared to

Simplified advances

Small taxpayers who, for 2020, have chosen a simplified form of advance payment may opt out of this form of payment during the tax year for the months March - December 2020 if they suffer negative economic consequences due to COVID- 19.

Tax on revenue from commercial buildings

The deadline for payment of tax on commercial buildings for the months March-May 2020 has been postponed until 20 July 2020. Postponement is possible if the following conditions are jointly met: negative economic consequences were incurred due to COVID-19; there was a decrease of at least 50% in monthly revenues compared to the same month

Donations

Taxpayers will have the right to deduct donations (in cash or in kind) made in 2020 to combat COVID-19. What donations will be taken into account? Donations to: designated therapeutic entities, the Material Reserves Agency and Central Sanitary and Epidemic Reserve Base. Deduction amounts: 200% - for donations made by the end of April 2020,

CIT Act - Retroactive loss settlement

The rules provide for the possibility to deduct a loss in 2020 from the income of 2019 if the taxpayer's income in 2020 is at least 50% lower than the income earned in the previous year. How does it look in practice? This means that in 2021, being aware of the loss from 2020, taxpayers

Postponement of the Intrastat submission deadline.

The Ministry of Finance informed that INTRASTAT applications for the month of March 2020 could be submitted by April 20, 2020. Submission of the application for March after April 10, 2020 it will not have any negative consequences for persons obliged to submit INTRASTAT declarations.

Coronavirus: First aid for employees and employers.

The anti-crisis shield adopted by the parliament on 31 March 2020 introduces a range of instruments for reducing the costs of employment, including subsidizing employees’ salaries out of the Guaranteed Employee Benefits Fund (FGŚP). Possibilities for subsidizing employees’ salaries A business will be able to obtain subsidies during a period of “economic standstill” or “reduced

Postponing the date of entry into force new VAT matrix

The Ministry of Finance announced that as a part of the Economic and Social Anti-Crisis Shield for the Safety of Enterprises and Employees in connection with the SARS-CoV-2 the entry into force of the new rate matrix will be postponed till 1st July 2020. Due to the above, the classification method and VAT rates remain

How to run your business in Poland in the time of COVID-19?

Postponement of deadlines, reports and tax returns. Full PDF.

COVID-19 Informations
  • All
  • Deadlines
  • Employment
  • Good to know
  • Legal
  • Reliefs
  • Taxes

Commercial law - holding meetings of the management boards and supervisory boards in limited liability companies and joint stock companies

Polish authorities have adopted package of laws, commonly called “relief package”, that shall prevent the economic crisis connected with the pandemic of coronavirus SARS-CoV-2. The relief package includes above all amendments to the commercial law, that enables holding meetings of the management boards and supervisory boards in limited liability companies and joint stock companies, with

Binding Rate Information

Regulations regarding Blinding Rate Information will take effect from 1st July 2020, so three month later than primary planned. Thus, till 1st  July current regulations about individual interpretations concerning VAT tax  rate will uphold. We offer support in obtaining binding rate information.

New VAT rate matrix

New VAT rate matrix will take effect from 1st July 2020 instead of 1st April 2020. We offer support in adjusting to the new VAT matrix, in particular by conducting VAT rate review ensuring the application of correct VAT rates resulting from the new matrix.

Retail tax

The deadline for retail sales tax has been extended to 31 December 2020. It is a tax on the excess of revenues from retail sales over PLN 17 million per month.

Annual lease payments

The deadline for payment of the annual lease payments for 2020 has been extended to 30 June 2020, with the possibility of further extension.

Expiry of obligations under commercial space lease agreements

During the period of the ban on operating in commercial facilities with a sales area of more than 2000 m2, the mutual obligations of the parties to the lease, tenancy or other similar agreement by which the commercial space is cast into use expire. Therefore, it is possible to exclude these commercial spaces from the

Changes in transfer pricing deadlines

The deadline for submitting local transfer pricing documentation (TPR) in relation to a group of entities whose tax year or financial year started after 31 December 2018 and ended before 31 December 2019 is extended until 30 September 2020.

Postponement of deadlines for financial statements

The time for preparation and approval of the financial statements has been postponed by three months, and for entities subject to the supervision of the Polish Financial Supervision Authority, for example listed companies - by two months. This means that the annual financial statements for 2019 must be prepared by the end of June 2020

Extension of the deadline for submitting ORD-U and IFT-2R

Extension of the deadline for the preparation and provision of information about: agreements with non-residents - ORD-U - until the fifth month after the end of the tax year for which it is prepared (the extension shall apply to the deadline expiring between 31 March and 31 May 2020); the revenue of non-residents - IFT-2R

Extension of the deadline for submitting CIT-8

Until 31 May 2020, the deadline for submission of CIT-8 return and payment of tax by taxpayers whose tax year ended between 1 December 2019 and 31 January 2020 was extended. Taxpayers whose income is exclusively subject to the tax exemption or whose income from public benefit activities constitutes at least 80% of their total

Bad debts relief (on the side of the debtor)

A preference has been introduced for debtors, allowing them not to show unpaid liabilities after 90 days when calculating corporate income tax advances. The preference is possible if the following conditions are jointly met: negative economic consequences were incurred due to COVID-19; there was a decrease of at least 50% in monthly revenues compared to

Simplified advances

Small taxpayers who, for 2020, have chosen a simplified form of advance payment may opt out of this form of payment during the tax year for the months March - December 2020 if they suffer negative economic consequences due to COVID- 19.

Tax on revenue from commercial buildings

The deadline for payment of tax on commercial buildings for the months March-May 2020 has been postponed until 20 July 2020. Postponement is possible if the following conditions are jointly met: negative economic consequences were incurred due to COVID-19; there was a decrease of at least 50% in monthly revenues compared to the same month

Donations

Taxpayers will have the right to deduct donations (in cash or in kind) made in 2020 to combat COVID-19. What donations will be taken into account? Donations to: designated therapeutic entities, the Material Reserves Agency and Central Sanitary and Epidemic Reserve Base. Deduction amounts: 200% - for donations made by the end of April 2020,

CIT Act - Retroactive loss settlement

The rules provide for the possibility to deduct a loss in 2020 from the income of 2019 if the taxpayer's income in 2020 is at least 50% lower than the income earned in the previous year. How does it look in practice? This means that in 2021, being aware of the loss from 2020, taxpayers

Postponement of the Intrastat submission deadline.

The Ministry of Finance informed that INTRASTAT applications for the month of March 2020 could be submitted by April 20, 2020. Submission of the application for March after April 10, 2020 it will not have any negative consequences for persons obliged to submit INTRASTAT declarations.

Coronavirus: First aid for employees and employers.

The anti-crisis shield adopted by the parliament on 31 March 2020 introduces a range of instruments for reducing the costs of employment, including subsidizing employees’ salaries out of the Guaranteed Employee Benefits Fund (FGŚP). Possibilities for subsidizing employees’ salaries A business will be able to obtain subsidies during a period of “economic standstill” or “reduced

Postponing the date of entry into force new VAT matrix

The Ministry of Finance announced that as a part of the Economic and Social Anti-Crisis Shield for the Safety of Enterprises and Employees in connection with the SARS-CoV-2 the entry into force of the new rate matrix will be postponed till 1st July 2020. Due to the above, the classification method and VAT rates remain

How to run your business in Poland in the time of COVID-19?

Postponement of deadlines, reports and tax returns. Full PDF.

OUR EXPERTS

team Anita Supel
Accounting Director

T: (+48) 22 262 81 51
@: a.supel@krgroup.pl


team Ilona Węgłowska-Hajnus
Payroll Director

T: (+48) 22 262 83 06
@: i.weglowska-hajnus@krgroup.pl

team Renata Organek
VAT Director

T: (+48) 22 262 81 23
@: r.organek@krgroup.pl


team Michał Zdyb
TAX Director

T: (+48) 22 262 81 29
@: m.zdyb@krgroup.pl


team Jakub Skiba
Corporate Services Manager

T: (+48) 22 262 81 73
@: j.skiba@krgroup.pl

REGIONAL DIRECTORS

team Alexandru Bradean
Romania Country Manager

T: (+40) 725 374 389
@: a.bradean@krgroup.ro


team László Hosszú
Hungary Country Manager

T: (+36) 30 316 46 40
@: l.hosszu@krgroup.hu


team Tomas Chvalina
Czech Republic Country Manager

T: (+420) 731 090 365
@: t.chvalina@krgroup.eu
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