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Amendment to the CIT Act

On 28 June 2022, the bill of amendment to the act amending the Corporate Income Tax Act and some other acts was published on the website of the Government Legislation Centre (hereinafter: “Bill”). The bill is a continuation of the planned changes to tax regulations which entered into force under the “Polish Deal” on 1 January 2022 and it partially addresses the postulates of entrepreneurs, social and professional organizations.

TAX ALERT 2022 / 07 / 01

Polish Deal 2.0 – who gains, who loses?

Several days ago, the Polish President signed the amendment to the Polish Deal. In principle, the act takes effect on 1 July, however, some changes will apply retrospectively, i.e. from 1 January 2022, while other – from the beginning of 2023. Such untypical timeframe for the changes results from the chaos which was caused by the Polish Deal at the start of 2022 and the need to sort it out.

TAX ALERT 2022 / 06 / 22

Mandatory e-Invoicing System since 2024?

A long-awaited decision of the Council of the European Union, approving the mandatory National e-Invoicing System in Poland, has appeared in the EUR-Lex. Interestingly, unlike previously planned, according to this document, the System is to become mandatory on 1 January 2024, which is nearly one year later than initially planned.

TAX ALERT 2022 / 06 / 16

Deadlines for preparation of transfer pricing files and reports for 2022 postponed

The legislation process over postponement of deadlines for submission of transfer pricing files and TPR returns has just been finalized (which also affects the deadlines for preparation of the documents).

TAX ALERT 2022 / 05 / 10

The European Court of Justice passes another positive judgment on fixed establishment

On 7 April 2022, the Court of Justice of the European Union (“CJEU” or “Court”) passed a judgment in case C-333/20 – Berlin Chemie of Romania. The judgment touches upon one of the most disputable aspects of the value added tax – the fixed establishment, and it is a continuation of the recent trend in judgments, positive for taxpayers.

TAX ALERT 2022 / 04 / 13

Consent of the European Commission to mandatory National e-Invoice System

On 30 March 2022 the European Commission issued its consent for implementation by Poland of a mandatory e-invoicing system, currently known as KSeF (Krajowy System e-faktur – the National E-Invoice System).

TAX ALERT 2022 / 04 / 13

Polish Deal planned to be changed

At the end of last week, the government announced modifications to the Polish Deal applicable to natural persons. From the very start, the Polish Deal was criticized for its fast pace and lack of an in-depth analysis of the changes. It was the reduction of monthly remuneration for some employees, caused by flawed “middle class relief”, that made the cup of bitterness overflow. Following a controversial regulation (subsequently included in the Act), which was to mitigate the adverse effects, some more significant changes are planned.

TAX ALERT 2022 / 04 / 13

Regulation extending deadlines for reporting and filing CIT returns takes effect

The Regulation of the Minister of Finance extends the following deadlines until 30 June 2022: for filing annual corporate income tax returns and for payment of the annual tax for 2021 for those taxpayers whose financial year ended between 1 December 2021 and 28 February 2022, for filing the declaration of income earned in the […]

ALERT PODATKOWY 2022 / 03 / 21

Extension of deadlines for reporting and filing CIT returns

The Regulation of the Minister of Finance published in the Journal of Laws provides for extension of deadlines for preparation, approval and filing of financial statements for private sector entities (excluding entities supervised by the Polish Financial Supervision Authority – KNF) by 3 months. This also applies to consolidated financial statements.

ALERT PODATKOWY 2022 / 03 / 14

Special Law governing aid to victims of the war in Ukraine

The Polish Sejm passed the special bill (“Special Law”) intended to regulate the legal situation of Ukrainian refugees and to offer them relatively normal living in Poland. Among the numerous solutions, there are also tax preferences.

TAX ALERT 2022 / 03 / 10

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