Regulations on transfer pricing documentation finally published
On 18 September 2017, nearly 12 months after the proposals, the Decrees regarding information to be included by PIT and CIT taxpayers in the prepared tax documentation were published. The Decrees clarify the scope of information which should be presented in the so called local file and master file documentations, implemented by the amendment which has been effective already since the beginning of this year.
Plans to introduce the minimum income tax for owners of commercial real estate
As part of the amendment of the income tax laws it is planned to introduce the so called minimum income tax for owners of certain commercial real estate.
Proposal of the Act regarding ratification of MLI Convention submitted to parliamentary processing
The lower chamber of the Polish Parliament received a proposal of the Act on Ratification of the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (the so called MLI Convention).
Faster tax depreciation, withholding tax exemption at the purchase of place tickets – changes in CIT and PIT
On 12 August 2017 the Act amending the Personal Income Tax Act and the Corporate Income Tax Act of 7 July 2017 (Journal of Laws item 1448) entered into force.
Transport of goods to third countries not always without VAT
Intangible services with the limit next year and other changes in the CIT Act
Works are underway on the proposal of the Act amending primarily the Corporate Income Tax Act. As stated in the rationale for the Act published in July 2017, its basic objective is to seal the tax system by assuring the possibility to connect the amount of tax paid by entities with the actual place where income is generated.
The Ministry of Finance is planning further changes in the Standard Audit File (JPK)
On 7 July this year the Ministry of Finance started tax consultations regarding further changes in JPK_VAT files.
As stated in the notification on the commenced consultations, the first objective of the consultations is to implement modifications in technical and content-related terms to the existing JPK_VAT scheme, in particular to liquidate redundant data, to modify the file structure on technical and IT level, to add new data that would enable better use of the JPK_VAT scheme both by tax authorities and by taxable persons
Poland – one of the signatories of MLI
When a company in another country is used to avoid taxation – Minister of Finance explains
On 12 June 2017, the Ministry of Finance published on its website a warning before tax optimisation with the use of foreign companies in connection with regulations on the place of management.