News

How to protect yourself from participating in the tax carousel? Article from the series: Security in VAT

It is common for entrepreneurs to claim that participation in the tax carousel is not a threat to me, because I run my business legally and I pay for the goods. However, it may turn out that only at the time of cross-checking by the tax authorities or in the course of checking activities, the entrepreneurs find out that they cooperated with or at an earlier stage of the turnover of a given commodity/goods there was an entity which, years later, turned out to be an unreliable taxpayer or issued empty invoices, and the entrepreneur did not even know about this entity. Read more »

Another deferral of fully introduction of new Withholding tax regime. The mechanism „pay and refund” will not enter into force until 2022.

Pursuant to the amendment to the Income Tax Acts of October 23, 2018, a new mode of withholding tax collection has been introduced. The most important change consists in: introducing for a Polish entity transferring interest, royalties, dividends and receivables for certain intangible services to a foreign entity, an obligation to collect withholding tax at the basic domestic rate (the so-called pay and refund mechanism).  Read more »

Entrepreneurs’ work at home versus the pandemic and taxes

Due to the state of the pandemic and the introduced restrictions, many entrepreneurs moved the place of the actually performed work from their office or the contractor’s or client’s seat to their homes. The result of the above is usually the necessity to bear higher expenses for the conducted business activities on one’s own. Read more »

AML changes are already in force

On May 14, 2021, an amendment to the Act on Counteracting Money Laundering and Terrorism Financing entered into force. This is the result of the need to implement the EU AML V directive. Read more »

VIEW OF THE SUPREME COURT IN SWISS FRANC LOANS’S CASES

In response to the legal question presented by the Financial Ombudsman in the application of October 19, 2020, the Supreme Court consisted of seven judges, after examining the legal issue in the case III CZP 6/21 in the Civil Chamber, on May 7, 2021, adopted a resolution with the following content:... Read more »

Complications of changing the legal form of limited partnerships

On 1 January 2021, an amendment to the tax law came into force, pursuant to which limited partnerships and certain general partnerships become new CIT taxpayers.  Read more »

Requirements for justifying a cassation appeal

On February 24, 2021, the Supreme Administrative Court in the case no. I OSK 2880/20 dismissed the cassation appeal, pointing out that it was not subject to consideration, because the charges contained therein are ineffective. Read more »

Favourable judicature for entrepreneurs regarding demurrage

A year ago, on March 8, the Act of March 2, 2020 on special solutions related to the prevention and combating of COVID-19, other infectious diseases and the crisis situations caused by them entered into force.  Read more »