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Three months to prepare tax documentation for a broken tax year.


According to the private tax ruling of the Head of the National Revenue Information Service issued on November 22, 2019 (case no. 0114-KDIP2-2.4010.421.2019.1.SJ), the taxpayers whose tax year ends between October 1, 2019 and December 31, 2019 and those who apply Corporate Income Tax Act (hereinafter: the CIT Act) in the version applicable until the end of 2018, are obliged to: draw up tax documentation, submit a statement of prepared documentation and draw up the CIT/TP - within three months after the end of a tax year.

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The influence of Brexit on taxes during the transitional period

On February 1, 2020, Great Britain left the European Union. At the same time, the transitional period, has begun, as stipulated in the UK withdrawal agreement, which will last until the end of 2020. The conditions of trade between the EU and UK will not change in the upcoming 11 months. However, it will be the time for development of new regulations will be in force after the transitional period has expired, as well as for preparation of new conditions of cooperation. 
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Export of goods and application of a 0% rate - does determining the actual buyer matter?

 “If the goods were exported to a destination outside the European Union and where, following their exportation, the tax authorities found that the person acquiring those goods was not the person stated on the invoice issued by the taxable person, but another entity which has not been identified -in such circumstances, the VAT exemption provided for in Article 146(1)(a) and (b) of that Directive must be refused if the failure to identify the person actually acquiring the goods prevents it from being proved that the transaction at issue constitutes a supply of goods within the meaning of that provision or if it is established that that taxable person knew or ought to have known that that transaction was part of a fraud committed to the detriment of the common system of VAT”  - the Court of Justice of the European Union (CJEU) so ruled in its judgement of October 17, 2019, in the case C-653/18 Unitel Sp. z o.o. against the Head of the Tax Chamber in Warsaw.
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