The last two days have brought important information related to VAT and WHT obligations in Poland. We would like to assure you of the support Accace is ready to provide in this regard.
Almost PLN 35 billion may be collected by wind farms early December on the renewable energy auction. This is a first step of Polish government trying to catch to the European level of green energy production.
Starting from January 1, 2020, the micro-account will be used by taxpayers to pay their PIT, CIT and VAT. The existing accounts used by tax offices for these payments will be active until December 31, 2019. After this date, payments must be made to the tax micro-account.
The Polish Parliament has adopted an act based on which excise duty for hybrid cars will be decreased, if the Polish President signs the act.
The Ultimate Beneficiary Owner Register (or “UBO Register”, in short) has been launched in Poland on October 13, 2019. The new register obliges all Polish partnerships and companies registered in the Polish National Court Register to provide information about their ultimate beneficial owners.
Taxpayers in Poland are expected to take part in the creation of a new register for tax purposes. The launch of the Central register of beneficial owners (or CRBR in short) is a result of the implementation of the EU Directive on preventing the use of the financial system for money laundering or terrorist financing.
On September 17, 2019 the Polish Ministry of Finance published a draft law to prevent frauds and irregularities in the taxation of excise duty. The new legislation is planned to come into force in January 2020.
The Polish president signed the amendment of both the VAT as well as the Tax Ordinance Acts on August 29, 2019. The amendment implements regulations on the so-called new matrix of VAT rates and binding rate information (“WIS”).
We present our summary of the most important tax events at the turn of August and September 2019. The announcement of a balanced state budget for 2020 (revenues and expenditures at the same level) makes the fiscal aspirations of the Ministry of Finance even more important.