Implementation of enova365 – what is an ERP system and how does it work?
enova365 is a modern ERP solution that enables companies to integrate accounting, HR, payroll, and finance within a single system. Learn how the implementation of enova365 is carried out and what benefits it brings to businesses.
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Insights
Tax abolition – introduction of a temporary income tax solution
Draft law introducing changes in taxation related to the Polish Deal also contains one institution of tax abolition (voluntary disclosure), which has been rarely encountered in the Polish legal system.…
Changes in withholding tax
The remitter may apply a reduced WHT rate or not collect the tax at all, if allowed by a tax treaty or by specific regulations. Then the remitter is required…
Taxation of holding companies
A new tax regime for holding companies is to be introduced as part of the Polish Deal. According to the justification for the bill, the main purpose for this proposal…
Deduction for purchase or operation of payment terminals
The proposed new provision of the Corporate Income Tax Act is another instrument aimed at combating the shadow economy, in which trading is generally done in cash. The Ministry of…
Restrictions on artificial expenses in the form of hidden dividends
Proposed amendments to the Corporate Income Tax Act introduced by the Polish Deal also include significant limitations on classifying certain expenses as tax-deductible costs, regarded as hidden dividends. This applies…
Tax relief for innovation in the Polish Deal
Taxpayers can expect many changes and new legal solutions to have a positive impact on the development of innovation in Poland. Adoption of the package of amendments known as the…
Incentives for Polish stock market entrants (relief for IPO costs)
The draft tax changes under the Polish Deal include many solutions aimed at realizing non-fiscal functions of taxes, in the form of new tax relief. One proposal is a new…
Relief for taxpayers supporting sports, cultural activities, higher education and
The proposed tax changes within the Polish Deal would introduce new relief aimed at creating favourable tax conditions for sponsorship and facilitating socially responsible activities of companies and celebrities in…
Estonian CIT in a new form
The flat-rate tax on the income of companies, referred to as “Estonian CIT,” was introduced into the Polish tax system from 1 January 2021. So far, this form of taxation…
Main points of the “Polish Deal” TAX programme
I. Changes in income tax for individuals not conducting business activity: Raising to PLN 30,000 the annual amount of income tax-free from personal income tax for taxpayers paying PIT according to…
VAT e-commerce package. A simple guide to Import One-Stop-Shop for
Kacper Kosowicz invited Robert-Jan Brethouwer, Partner at Grant Thornton Netherlands and Kateřina Ševčíková, Country Manager at KR GROUP LTD. for further discussion about the VAT package for e-commerce which came…
VAT e-commerce package – One-Stop-Shop for e-commerce sellers in the
On 1st of July the new regulations called VAT package for e-commerce came into effect. In this unprecedented moment for the industry we are going to be witness of the…
From 1 July 2020 changes – Whitelist, Quick fixes, Schedule
Whitelist The deadline for taxpayers to submit a notice of payment to an account other than one indicated in the whitelist (ZAW-NR) will be extended from three to seven days.…
Another postponement of changes in withholding tax
According to the latest unofficial reports from the press office of the Ministry of Finance, entry into force of new rules on collection of withholding tax (WHT) in Poland (the…
Withholding tax: Remember to maintain due diligence
Entry into force of changes in the withholding tax regulations in Poland is rapidly approaching more here).But in addition to this major legislative change, we would like to draw your…
Changes in withholding tax regulations in 2021
Based on the 23 October 2018 amendment to Poland’s income tax acts, a new procedure for collecting withholding tax was introduced. However, these regulations have not been applied yet, due to…
National e-Invoice System to launch in October
The Ministry of Finance has announced plans to launch the National e-Invoice System (Krajowy System e-Faktur—KSeF) in the second half of this year. According to the legislative proposal, the platform…
What will change in case of providing simplified invoices in
In the new SAF-T file we do not report receipts with tax identification number of purchaser (NIP) being simplified invoices. Since the 1st of January 2020, entrepreneurs in Poland may…
VAT payment deadliness in the times of a pandemic
Dates of VAT payments The adopted provisions of law concerning operations related to protection of entrepreneurs in view of the COVID-19 pandemic do not postpone and do not suspend deadlines…
During a tax investigation, the taxpayer can correct invoices with
Invoices with unduly reported VAT can be corrected by a taxpayer acting in good faith, even during the course of a tax investigation. Consequently, the taxpayer is not obliged to…
Tax aspects of UK–EU trade in goods which should be
Although the UK formally left the European Union on 31 January 2020, thanks to the transition period, for businesses and consumers Brexit really took effect on 1 January 2021 when…
Judgment of The Court of Justice in terms of VAT
The Court of Justice confirms what taxpayers operating in Poland have long disagreed with - introducing an additional requirement in Polish regulations which leads to showing output and input VAT…
Amendment of the VAT Act
In November 2020 the Polish Sejm adopted with revisions the amendment to the VAT Act introducing so-called “Slim VAT.” President of Poland signed the bill on December, 21. According to…
