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Extension of the deadline for submission of follow-up WHT statements

The Regulation of the Minister of Finance on extension of some deadlines for performance of flat-rate income tax obligations of 29 August 2022 was published in the Journal of Laws (under item 1829)

TAX ALERT 2022 / 09 / 13

Ministry of Finance repeals regulations on indirect transactions with tax havens

On 23 August 2022, the Council of Ministers passed a bill amending the Personal Income Tax Act and some other acts presented by the Minister of Finance. The bill was sent to the Sejm under the number 2544.

TAX ALERT 2022 / 09 / 13

Ministry of Finance declares that it is going to repeal regulations on indirect transactions with tax havens

On 22 August 2022 the Ministry of Finance published a document in response to comments presented during public consultations. The Ministry declared that the controversial regulations on indirect transactions with tax havens (i.e. Art. 11o par. 1a and 1b of the CIT Act) would be repealed. The information comes as a surprise because originally, in the bill of 27 June 2022, a thorough amendment of the regulations was planned, and the Ministry informed about its intention to waive the obligation of reporting indirect transactions with tax havens.

TAX ALERT 2022 / 09 / 13

SLIM VAT 3 – further simplifications in VAT settlements?

A bill of amendment to the VAT act and some other acts (known as “SLIM VAT 3”) was published on the website of the Government Legislative Centre on 8 August 2022.

TAX ALERT 2022 / 08 / 17

Planned changes to WH-OSC statement

Yesterday, the Government Legislative Centre published a bill amending the conditions for filing statements required for non-collection of the WHT (in excess of the PLN 2 million threshold value) – WH-OSC.

TAX ALERT 2022 / 08 / 02

The Court of Justice of the EU passes another judgment on chain transactions

On 7 July 2022, the Court of Justice of the European Union (“CJEU” or “Court”) passed another judgment on chain transactions. This time the Court did not consider the rules for assigning the status of “movable” to a chain transaction but examined compliance of Article 25 par. 2 of the Polish VAT Act with the VAT Directive.

TAX ALERT 2022 / 07 / 13

Changes to the Fiscal Crime Code – will it be necessary to pay an extinguished tax?

The Ministry of Justice prepared a bill amending the fiscal crime regulations and other acts, which substantially amends the Fiscal Crime Code and some other laws. The bill is already past the stage of consultations.

TAX ALERT 2022 / 07 / 13

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

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