The Ministry of Finance plans to give new powers to the tax authorities, will exchange information about taxpayers with other countries. Everything for a wider tax seal. The first exchange of information is expected later this year.Continue Reading..
January 31 is an important date for taxpayers; the last day to provide the tax authority with information on revenues from other sources and on income and collected advance payments for income tax in 2019.Continue Reading..
You will not be able to issue invoices for receipts without the NIP tax number indicated. The change is to counteract VAT fraud.Continue Reading..
An entrepreneur running a company in Poland can settle expenses on unusual means of transport in tax costs.Continue Reading..
On 1.12.2010, the European Commission issued a document called the “Green Paper” on the future of VAT. It set out recommendations that were necessary for simpler and more efficient settlement of value added tax. In addition, one of the tools aimed at minimizing tax fraud was to be a system monitoring all invoices in combination with settlements made by entrepreneurs for VAT. The Central Invoice Register will be such a tool in Poland. It is a tool that allows checking the correctness of issuing invoices, analyzing and detecting carousels and eliminating, among others, the so-called empty invoices, i.e. documenting fictitious transactions. In addition, CRF is to streamline and accelerate tax audits.
If the new PiS project comes into force, the state budget can affect up to one billion zlotys a year. By applying taxes to digital service providers, including Netflix, HBO and even Facebook the government wants to gain funds in this way to implement the recently announced election promises.Continue Reading..
Good news for those who earn in the unregistered activity. The Ministry of Finance confirms that it will reduce to the minimum the paperwork – for us and the contractors with whom we cooperate.
The reduced VAT rate on the goods and services chosen by the state will be determined by local governments, not by Brussels. This is the next stage of the Union tax reform announced by the European Commission.
21 thousand 85 new taxpayers and 47.4 million more in the budget – these are the effects of the “Pay taxes in Krakow” campaign for 2016. According to the chairman of KrakΓ³w City Council, this result is the effect of the growing awareness of the residents and the attractiveness of Krakow as a place to live.
Year 2017 brings multiple changes inΒ Polish tax regulations thatΒ entrepreneurs should be aware of, including:
LOWER INCOME TAX (CIT)
A new rate of 15% (instead of the previous 19%) was introduced for smaller companies. This rate is available for new businesses and companies that had income (including sales tax) not exceeding 1Β 200Β 000 euro (5 157 000 PLN in 2017) in the previous year. Capital groups are not allowed to use this rate.