From July, changes in VAT settlement for distance selling resulting from the EU directive. From July this year, the rules for VAT accounting for online sales will change drastically. Small purchases that were previously exempt from VAT will now have to pay and account for it. The changes apply not only to online stores but
The beginning of the calendar year is always a time when changes in tax regulations come into effect. The same was true in 2021. One of the changes introduced this year was an increase in the revenue threshold and the possibility for entrepreneurs whose revenue does not exceed this threshold to pay CIT at a
Recently, the Court of Justice of the European Union issued a judgment concerning the settlement of VAT on Intra-Community Acquisitions of goods, as well as the importation of services and the supply of goods. This is a favorable judgment that allows businesses to adjust their settlements and apply for interest refunds. How has the VAT
Some obligations arising from the regulations concerning the Unified Control File, in force since October 1, 2020, have caused many problems for entrepreneurs. Often, errors appeared in the JPK_V7 forms, for which substantial fines were threatened. To avoid them, it was necessary to submit the so-called active regret. Now, to make life easier for entrepreneurs,
The write-off of PFR subsidies The coronavirus pandemic has taken a toll on many businesses. The government has responded by preparing the Anti-Crisis Shield, within which the Financial Shield program is being implemented. It is created by the Polish Development Fund (PFR). Many entrepreneurs have received special financial subsidies from the PFR, totaling nearly 61
Law and Justice plans to introduce a series of new regulations regarding healthcare and taxes. The entire project was initially called the New Order, but ultimately received the name Polish Order. Last Saturday, during the convention of the United Right, the entire program of the Polish Order was presented, which was also published in its
On October 28, 2020, the government passed changes to tax laws. One of the changes introduced, starting from 2021, is double taxation of limited partnerships. This is not good news for entrepreneurs conducting business in this form. What does double taxation entail and how can it be avoided? How will double taxation look like? So
After the announcement of the euro exchange rate by the NBP on the first business day of October, it became clear that tax limits would increase in 2021. This particularly applies to limits for small VAT taxpayers, personal income tax (PIT), corporate income tax (CIT), and the threshold for using lump-sum tax accounting. Who qualifies
Due to the UK’s departure from the EU and the end of the transition period, new regulations regarding the import and export of goods between the UK and EU, including Poland, will come into effect on January 1, 2021. On July 13, 2020, the UK government issued the document ‘The Border with the European Union:
One of the changes in income tax that came into effect at the beginning of 2020 is the so-called bad debt relief in income tax. Until now, bad debt relief was only applicable for VAT purposes. What is this relief, what conditions need to be met to benefit from it, how is the relief applied