Excise Duty Amendment Bill
The Government Legislative Centre published an updated bill which amends, without limitation, the Excise Duty Act of 6 December 2008 (Journal of Laws of 2020 Item 722).
Due to the practical difficulties created by the COVID-19 pandemic situation, the application of the new VAT e-commerce rules has been postponed by six months. Thus, the rules will apply as of 1 July 2021 instead of 1 January 2021, giving Member States and businesses additional time to prepare.
1 January 2021 marks the date from which entrepreneurs will be obliged to notify ZUS (the Polish Social Insurance Institution) about conclusion of contracts for specific tasks (PL: umowa o dzieło), including contracts which are not subject to social insurance contributions.
On 15 October 2020, the European Court of Justice (“ECJ” or “Court”) passed a judgment in case C‑335/19 E. Sp. z o.o. Sp. k. vs the Minister of Finance concerning compatibility of the Polish bad debt relief regulations with Directive 2006/112/EC (“Directive”).
On 15 September 2020, the Minister of Finance issued a long-awaited general ruling concerning the requirements for applying 50% deductible costs to calculate income from disposal or use of copyright by its owners. The interpretation defines when and under what conditions remuneration can be recognized as a royalty to which the increased tax costs apply.
The value of income from the use of company cars for employees’ private purposes is determined as a lump sum in the PIT Act. The Minister of Finance, in a general ruling issued on 11 September 2020 (DD3.8201.1.2020), confirmed that the lump sum also includes the value of fuel purchased by the employee on the employer’s account.
The latest proposals of changes to CIT and PIT regulations prepared by the ministry of finance attract comments primarily in the context of CIT imposed on limited partnerships and some registered partnerships. However, the bill of amendment, published on 16 September on the website of the Government Legislative Centre, also provides for numerous new solutions in the area of transfer pricing. Additionally, further improvements connected with COVID-19 are planned.
The Ministry of Finance is currently working on a bill of amendment to the CIT and PIT Acts, intended to seal the tax system. At the moment, no bill or explanatory memorandum exist. Assumptions for the bill have been published on the government website.
The Ministry of Finance plans to implement changes to the goods and services tax (VAT). The bill dated 14 August 2020 amending the VAT Act and the Banking Law provides, without limitation, for introduction of a package facilitating VAT settlement (Slim VAT: Simple Local and Modern VAT). Apart from the Slim VAT, the amendment also […]