The Polish Investment Zone (PIZ) is an incentive for new investment projects in the form of income tax break. This tax break is a public aid and can be obtained regardless of the form of business activity, size of the company, country of origin. It provides an opportunity for tax exemption for all investment in…
Starting from 2022, there is a new incentive aimed at investments in Poland for enterprises incurring costs related to expansion of their business. Such taxpayers can include additional deduction of qualified costs not exceeding PLN1 million (m) (approximately US$250,000) for boosting sales of products developed by them. The maximum tax benefit due to the relief…
Starting from 2021, there was a new tax relief introduced in Polish tax law – so called the Estonian CIT. It allows the companies to run business tax-free until the dividends are paid or there is the – widely understood – profit distribution, which means that the profit is not taxed as long as it…
In May, the Ministry of Finance did not manage to complete the work on the amendment to the regulations on the single control file (JPK_V7). The latest version of the draft regulation shows that the changes in the registration and declaration part of JPK_V7 will take effect from 1 July. The most important change that…
In response of April 14, 2021, reference number: SP9.8022.2.2021, the Minister of Finance, Funds and Regional Policy informed that the Ministry of Finance has prepared a draft amendment to the provision of Art. 16a of the Fiscal Penal Code, which addresses the issue of submitting active regrets at each correction of the JPK_V7 registration part.…
From 1 January or 1 May, all limited partnerships became CIT (corporate income tax) taxpayers, even though they are not capital companies. Many doubts raised whether the so-called “Dividend exemption”. The exemption consists, for example, in the fact that if a limited liability company pays dividends to its partner, which is another limited liability company…
The COVID-19 epidemic seemed to slow down changes in VAT. Nevertheless, the Ministry of Finance is working on changes in the SAF records, which are to apply from the settlement for April 2021. From 1 October 2020, i.e. with the entry into force of Art. 109 paragraph. 3b of the Act of March 11, 2004…
From October 1, 2021, taxpayers will be able to issue electronic VAT invoices in a structured format, which will be sent to the National System of e-Invoices (the so-called KSeF). According to the announcements, the use of the system will be voluntary by the end of 2022. The use of structured invoices will require the…
In a judgment held on 03/24/2021, the 1st Section of the Superior Court of Justice (STJ) standardized understanding that guarantees the right of uniprofessional companies to the fixed taxation regime by ISSQN (service tax), regardless of the corporate form adopted. Since the publication of Decree-Law No. 406/68, the provision of services in the form of…
The description of the service is enough to issue a tax interpretation. The tax office may not require the taxpayer to specify and provide the PKWiU number and make the answer dependent on this. Such conclusions result from the judgment of the Supreme Administrative Court of 19 February 2021 (reference number II FSK 2441/20). The…
