CEE Region
- Are you planning business expansion beyond Poland?
  
  Choose KR Group - one professional service provider in the CEE region. Our offices are in: The Czech Republic, Romania, Hungary, and Slovakia. Instead of multiplying costs by having one provider per country, collaborate with us! We will help you unleash regional synergy by reducing unnecessary costs and speeding up processes.
Czech Republic
- Czech Republic
  
  Since 2017, our team supports entrepreneurs in the scope of accounting, payroll and HR, and tax advice. We will help you utilize the potential of the Czech market and expedite your company’s expansion.
Romania
- Romania
  
  Since 2016, we support our clients by offering payroll-HR services, accounting, tax advice, and tax compliance. We will support your company in entering the Romanian market, and in growing your existing business.
Slovakia
- Slovakia
  
  Through cooperation with proven suppliers of accounting services, VAT compliance, as well as tax advice, we support companies in expanding their business activity in the Central and Eastern European region.
Hungary
- Hungary
  
  Thanks to one of the most open European economies, entrepreneurs may count on a favorable place to invest. Since 2016, we support companies in the scope of accounting, tax advice, as well as payroll and HR.

Temporary VAT reduction from February 1

From February 1, the Polish government announced a reduction in VAT rates for certain food products, fertilizers, fuels, natural gas, LPG and energy. Rate reductions are to be introduced under the so-called “Anti-inflationary Shield 2.0.” The VAT reductions provided in the draft act will be in effect from February 1 to July 31, 2022.

Author:

Gerard Goliasz

Senior TAX Specialist

The reduction of VAT rates applies to the following categories of goods:

basic food and beverages currently subject to the 5% VAT rate - they will be taxed at 0% VAT;
goods used to drive internal combustion engines (diesel oil, biocomponents constituting self-contained fuels, motor gasoline, natural gas (wet), liquefied LPG) - currently subject to the 23% VAT rate - will be taxed at the 8% VAT rate;
fertilizers, plant protection chemicals, horticultural soil and other means of supporting agricultural production - currently subject to the 8% VAT rate - will be taxed at 0% VAT;
natural gas (CN 2711 11 00 or 2711 21 00) - will be taxed at 0% VAT;
electricity (CN 2716 00 00) - will be subject to VAT 5%;
heat energy - will be subject to VAT 5%.

The amendment will enter into force on February 1, 2022.

Should you be interested in obtaining further information, or would like to discuss the impact of the new VAT rates, please contact us.

You can read the draft amendment here.