Deadline for preparation of TP documentation
The deadline for submission of the transfer pricing information and the statement on preparation of a local file ends on 31 December 2020 for those entities whose tax year overlaps with the calendar year.
Last Friday, on 19 June 2020, the Sejm passed the Act on subsidies to interest on bank loans provided to COVID-19-affected entrepreneurs and on simplified procedure for approval of a composition in connection with COVID-19 (hereinafter “the Act”), also known as Shield 4.0. The Act also amends tax regulations.
On 6 May 2020, the Sejm passed an amendment to the Corporate Income Tax Act (CIT Act), the Personal Income Tax Act (PIT Act), the Flat-rate Income Tax and Tax on Goods and Services Act (the VAT Act) as well as the Tax Code. The bill will now be considered by the Senate, at the moment it is examined by the Budget and Public Finance Committee.
On 7 May 2020, the European Court of Justice (“ECJ” or “Court”) passed a judgment in case C-547/18 involving Dong Yang Electronics, a company established in Poland, concerning the fixed establishment for VAT purposes. In the judgment, the ECJ held that provisions of Directive 2006/112/EC and the Council Implementing Regulation (EU) No 282/2011 should be interpreted […]
On 5 November 2019 the President signed the Act on settlement of disputes concerning double taxation and conclusion of advance pricing agreements (APA). The Act implements the following changes: it puts in order the procedural regulations concerning issuance of decisions on conclusion of advance pricing agreements (APA), it modifies the limitations resulting from Article 15e […]