Tax
Invoicing guidelines for 2014
From 01 January, 2014, the following changes will come into effect. The requirement of invoices will be transferred to the VAT Act, and will result in the newly added objectives to the VAT Act. The changes will include the basic invoicing period and in relation to some of the activities covered by specific rules, shall issue invoices. (more)
New rules exist for VAT from 01 October
With effect from 01 October, 2013 new rules exist for VAT on goods and services that are designed to prevent tax evasion in the possibility of the so-called sensitive goods. (more)
Tax changes from 01 January 2014
From 01 January, 2014 will have long heralded a revolution in the Polish regulations regarding VAT. (more)
- Changes relating to tax liability (more)
- Changing the definition of the tax base (more)
- Change relating to collective invoices (more)
Changes in the taxation of limited partnerships from 2014 apply only to limited by shares
At the meeting of the Technical Committee of the Polish parliament control systems on 09 October, 2013, the draft law amending the law on income tax has been verified (PIT) and corporate income tax (CIT). The original bill proposed that Polish limited partnership and limited partnerships are to be affected by shares from 01 January, 2014, with corporate income tax. (more)
The amendment to the regulation on transfer pricing
On 18 July, 2013, entered into force amendments to the Regulation of the Minister of Finance on transfer pricing, introducing important changes that affect the manner of conducting tax audits on transfer pricing. The amendment included with the 2010 OECD Guidelines on transfer pricing for multi-national enterprises and tax administrations. (more)
Compensation for early termination of the lease agreement may be subject to VAT
According to the ruling of the Regional Administrative Court in Warsaw of 15 February, 2013 (file III SA / Wa 1882/12) compensation for the early termination of the lease agreement is not subject to VAT, under the condition that is associated with injury resulting from termination of the contract. (more)
Expenditure on small snacks are a tax expense
Expenses of businesspeople for small snacks and drinks (such as cookies, crackers, sandwiches, coffee, tea, water and juice) are deductible, regardless of whether they are served during discussions with partners in the office, or elsewhere - Article 16, Paragraph 1, Point 28 of the Law on Corporation Tax and Article 23, Paragraph 1, Point 23 of the Law on Income Tax of Individuals. The interpretation of the Ministry of Finance was established on 25th November, 2013 (DD6/033/127/SOH/2013/RD-120521).