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.
News Flash
Main statements and payments due in December 2019
The end of the year brings just as many obligations as the other months in the year. Our Tax Calendar overview of the most important tax deadlines can keep you safe when it comes to compliance in the Czech Republic, Hungary, Romania and Slovakia. Stay in the loop of updates - subscribe to our newsletter!
VAT Exemption in Respect of Export of Goods | News Flash
Exempted from the tax shall be the supply of goods dispatched or transported by the vendor or for his account to the place of destination within the territory of a third country. In this News Flash we would like to draw your attention to this year´s judgment of the European Court of Justice (ECJ) in a related case.
The biggest renewable energy auction in Europe will be held in Poland | News Flash
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.
Distinction between payments for service and payments for monetary damage for VAT purposes | News Flash
In the case of early termination of contracts, the question of proper assessment of agreed payments between parties for VAT purposes is quite often. In this context, we would like to draw your attention to the judgment of the European Court of Justice in a case concerning the early termination of a contract for telecommunication services with agreed a minimum commitment period.
Taxpayers can now check their micro-account number in Poland | News Flash
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.
Excise duty for hybrid vehicles in Poland | News Flash
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.
Main statements and payments due in November 2019
Keeping deadlines are a must if you wish to be compliant with local legislation. Our overview of the most important upcoming tax-related dates from the Czech Republic, Hungary, Romania and Slovakia, or our 2019 Tax Calendar will help you to keep track of all your obligations.
Ultimate Beneficiary Owner Register – new obligation for companies in Poland | News Flash
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.
Criminal liability of legal persons in the Czech Republic – part 2: Identification and setting of internal rules | News Flash
The risk of a company criminal liability can be reduced with a well-set compliance program. And it is also important to identify the risk areas within the company – read more in our article.
Poland introduces the Central register of beneficial owners starting from October 13, 2019 | News Flash
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.
What deadlines do Romanian employers have to meet for reporting in Revisal?
Each employer from Romania has the obligation to instate a General Registry of Employees in electronic format, more widely known as Revisal, and to comply with certain reporting terms.
The Polish Ministry of Finance plans significant changes in excise duty | News Flash
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.
New rules for the adjustment of the deducted VAT from the investment property in Slovakia | News Flash
The obligation to adjust the deducted VAT arises to taxable person in respect of capital goods acquired or their self-generation at own expense if he changes the purpose of their use. A change in the purpose of use of investment property is also the leasing of real estate with exemption from tax.
New VAT matrix and binding rate information as of April 1, 2020 in Poland | News Flash
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”).
