Tax cumulation in June
Polish entrepreneurs will be obliged to remit double PIT from the remuneration of employees for March and April till the 1st of June. Moreover, they will be overloaded by the Personal Income Tax and Corporate Income Tax for the previous year. For many companies that struggle with the economic results of COVID 19, during the […]
Extension of the anti-crisis shield
On Tuesday, April 8, the government announced its decision to extend the anti-crisis shield. According to the new rules, a larger number of companies will be exempt from ZUS contributions. Until now companies with up to 9 employees could apply for dismissal, they were 100%. According to the new solution, also companies from 10 to […]
How is the ACS team adapting as regards COVID-19?
At ACS, our offices are located in Warsaw and Katowice, and we try to eliminate the movement of our employees and to organize all meetings via teleconference. One of the biggest challenges for our activity is access to public administration offices. We follow all of the public administration decisions to deliver the most trusted information […]
How Brexit will affect VAT tax matters related to trade with the EU.
The EU Directive 2006/112/EC concerning the common system of VAT taxation is still valid after the 31st of January 2020 (Brexit date). A transitional period will continue until the end of 2020. This period could be prolonged from 12 to 24 months if the UK makes a formal request for this, by the 1st of […]
Split Payment – special cost compensation procedure for foreign entities.
Poland had agreed during talks with the European Commission – that due to the introduction of a new mandatory split payment obligation, a compensation of associated costs will be introduced for VAT taxpayers who do not have a business establishment or permanent place of business in the territory of the Republic of Poland. As a […]
Split payment is a source of chaos even among officials.
Split payment causes numerous difficulties for entrepreneurs who do not know how to settle invoices. There are such situations that a company buying computer parts adds invoices to the “split payment mechanism”, although split payment only applies to purchases over PLN 15,000. These doubts may also result from incorrect information provided by tax office officials […]
Registration of ultimate beneficial owner
New regulations concerning registration of ultimate beneficial owners (UBO) have been recently implemented in Poland. A new law covers the following entities: partnerships (Polish sp.j), limited partnership, partnership limited by shares and limited liability company. These regulations are based on an EU directive which had to be implemented to the Polish legal system. The legal […]
Court ruling supported tax payers
Warsaw Regional Court has announced that fiscal authorities cannot punish the tax payers for the correction of the tax declaration and providing additional interpretations of the facts. This decision refers to the case of tax advisor who made a correction on the client’s initial tax filing PIT 38. According to the tax office representative this […]
Lease agreement changes has been investigated by treasury department in Poland
New rules concerning cost of getting income, which has been applied on January 2019, has affected companies which lease the vehicles. All of agreements, which were signed before January 2019, are working on the old rules. However whose of them which were modified in terms of instalments have to adapt new rules. This position of […]
Poland one of the top FDI’s market in Europe
According to EY report, Poland is among 6 countries with the biggest growth in FDI. The attractiveness of the Polish FDI has surged by 38% in 2018. The main reasons of the Polish market popularity are Brexit and stable economic growth in Poland. Poland has gained a high position in the rating of the European Cities […]
