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Slim VAT 3 – summary of major changes

On 5 June, the Act of 26 May 2023 amending the Value Added Tax Act and some other acts (“Slim VAT 3”) was published in the Journal of Laws. Presented below is a summary of the most important changes introduced upon this Act. Leniency resulting from the ECJ judgment in case C-935/19 In its judgment […]

ALERT PODATKOWY 2023 / 06 / 14

New excise duty obligations – the Central Records of Excise Goods (Centralna Ewidencja Wyrobów Akcyzowych – CEWA)

2024 will bring two revolutionary changes in the area of digitization of tax obligations: The National e-Invoice System (KSeF) (effective from 1 July 2024) The Central Records of Excise Goods (CEWA) (planned to take effect on 1 February 2024) Each of the planned obligations will undoubtedly pose an organizational and managerial challenge. Presented below is […]

ALERT PODATKOWY 2023 / 05 / 17

Amended regulations governing Family Foundations

On 20 April 2023, the President signed the Act of 14 April 2023 amending the Act on Investment Funds and Alternative Investment Fund Management, the Act on Bonds, the Act on the Banking Fund, the system of deposit guarantees and compulsory restructurings and some other acts. The Act introduced a number of changes to regulations […]

ALERT PODATKOWY 2023 / 04 / 28

Amendments to the VAT Act – the Sejm has passed the SLIM VAT 3 package

On Friday, April 14, 2023, the Sejm passed an amendment to  the Act on goods and services tax and certain other acts. It is planned to take effect on 1 July 2023. The solutions are primarily aimed at reducing formalities in international trade and simplifying tax settlements in domestic transactions. The changes apply primarily to […]

ALERT PODATKOWY 2023 / 04 / 19

Reverse charge and other changes introduced by the Act amending the Act on Enforcement Proceedings in Administration

Certain changes are going to be introduced by the Act of 9 March 2023 amending the Act on Enforcement Proceedings in Administration and some other acts. The changes apply, without limitation, to the value added tax and provisions of the Tax Code. The act is planned to take effect (with certain exceptions) on 25 March 2024.

TAX ALERT 2023 / 04 / 11

Resolution of the Supreme Administrative Court (NSA) on limitation periods for tax liabilities suspended under COVID regulations

On 27 March 2023 the Supreme Administrative Court composed of seven justices adopted an important resolution concerning applicability of COVID legislation to tax matters. The subject matter was suspension of the limitation period for tax liabilities under Art. 15zzr(1)(3) of the COVID-19 Act of 2 March 2020. These provisions, if interpreted unfavorably, could result in extension of the limitation period by 72 days. The NSA answered the question whether the disputable provisions were also applicable to the periods prescribed by the tax law.

TAX ALERT 2023 / 03 / 29

Changes to the Family Foundations Act

Although the Act on Family Foundations of 26 January 2023 (the Act) has not taken effect yet, the legislator already considers it necessary to amend its provisions. The changes were presented in the Bill amending the Act on Bonds, the Act on Investment Funds and Alternative Investment Fund Management and the Act on the Banking Fund (the Bill).

TAX ALERT 2023 / 03 / 15

Extension of the time limit for filing the ORD-U information

Regulation of the Minister of Finance which extends the time limit for filing the information about contracts concluded with non-residents (ORD-U form) was published in the Journal of Laws of 6 March 2023. According to the new rules, the ORD-U information should be filed within 11 months of the end of the tax year.

TAX ALERT 2023 / 03 / 11

Inclusion of new countries in the EU tax havens list – practical implications

The list of non-cooperative jurisdictions for tax purposes (commonly referred to as “tax havens”), adopted by the Council of the European Union, has recently been extended to include 4 countries. The new countries added to the list include Russia. The other jurisdictions are: the British Virgin Islands, Costa Rica and the Marshall Islands.

TAX ALERT 2023 / 03 / 03

A bill extending the time limit for filing CIT returns

According to the planned regulations, the time limit for filing annual corporate income tax returns and payment of the tax for 2022 is to be extended until 30 June 2023. The extended deadline can be used by taxpayers whose tax year ended in the period from 1 December 2022 to 28 February 2023.

ALERT PODATKOWY 2023 / 02 / 17

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