Slim VAT Package
Slim VAT Package – changes to Correcting Invoices (in minus) On January 1, 2021, the “Slim VAT Package” entered into force, containing solutions that simplify running a business, including simplification of invoice corrections. The most important changes regarding the new rules for recognizing correction invoices (in minus) issued from 2021 do not require formal […]
Interview with Mikolaj Plucinski for Forbes magazine
BREXIT IMPACT – Changes & Obligations for British firm operating in Poland regarding VAT settlements
Due to the approaching BREXIT deadline, there are changes to the obligations of settling VAT tax on goods and services for entrepreneurs registered for VAT purposes. A British entrepreneur is required to appoint a Fiscal Representative if: • Is a taxpayer referred to in Art. 15 of the VAT Act. • Has no […]
Planned changes to withholding tax from 2021.
The Ministry of Finance announces changes regarding the reform of the withholding tax (WHT) regulations for 2021. Key assumptions of the planned reform: 1. From the definition of the term “beneficial owner”, the words “legally or in fact” are deleted. 2. Passive payments exceeding the threshold of PLN 2 million per year per one taxpayer […]
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 […]
