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CIT-10Z returns and IFT-2R forms for 2020 to be filed with the Tax Office of Lublin

This is to remind you that on 1 January 2021 changes took effect regarding the competence of tax offices in respect of the withholding tax.

TAX ALERT 2021 / 01 / 28

One week left to repeatedly report cross-border tax schemes!

Effective from 1 July 2020, the tax scheme reporting regulations (MDR) were amended upon the Act of 28 May 2020 amending the corporate income tax act, the act on goods and services tax, the act on tax information exchange with other states and some other acts (Journal of Laws of 2020 Item 1106; hereinafter: “Amending Act”).

TAX ALERT 2021 / 01 / 26

Slim VAT – Draft Explanations

1 January 2021 marks the date of implementation of the Slim VAT package to the Polish Value Added Tax Act. The package is intended to facilitate VAT settlements.

TAX ALERT 2021 / 01 / 22

2021 novelties in transfer pricing: transactions with tax havens, changes to TPR and reports on implementation of tax strategies

Transfer prices have recently been a topic of much interest for tax authorities, and the legislator keeps amending, expanding and elaborating on the existing regulations. Starting from 1 January 2021, taxpayers must adopt new rules for transactions with tax havens, TPR filings and publication of tax strategy reports.

TAX ALERT 2021 / 01 / 13

Main keys of the draft Free Trade Agreement to be signed between the EU and the United Kingdom

On 24th December 2020, the European Union and the United Kingdom reached a draft agreement that will make it possible to regulate the future of trade relations with the United Kingdom after the end of the transitional period on 31st December 2020.

TAX ALERT 2021 / 01 / 05

Safe harbour for intra-group loans – new margin level

As of 1 January 2019 taxpayers may (under certain conditions) benefit from a safe harbour in controlled transactions including loans, credits and bond issue.

TAX ALERT 2020 / 12 / 31

SLIM VAT – Steps to be taken before the end of 2020 to avoid trouble with correction invoices

The Act amending the SLIM VAT legislation has been passed is now awaiting the President’s signature and promulgation in the Journal of Laws. It comes into force on 1 January 2021. The Act sets forth, without limitation, new rules for recognizing negative correction invoices by the seller and the buyer.

TAX ALERT 2020 / 12 / 21

OECD publishes its guidance on the transfer pricing implications of the COVID-19 pandemic

Today, at 11:00 a.m., the Organisation for Economic Co-operation and Development (OECD) released the long-awaited document “Guidance on the transfer pricing implications of the COVID-19 pandemic”.

TAX ALERT 2020 / 12 / 18

SLIM VAT. Bill passed without the Senate’s changes

On 16 December 2020 the Senate passed the bill on Slim VAT of 27 November 2020 without any changes. The Act will now be presented to President for signature.

TAX ALERT 2020 / 12 / 18

Approaching deadline for cross-border tax scheme reporting

The end of June and the beginning of July 2020 saw several legal acts amending the tax scheme reporting obligations and deadlines for compliance therewith. The deadlines for reporting according to amended rules were deferred, but the deferment period ends in December 2020 for the first group of entities obligated to report.

TAX ALERT 2020 / 12 / 15

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