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.
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.
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.
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.
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.
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.
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 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.
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”).
Being oriented in the maze of tax deadlines is sometimes tough – but our monthly summary is here to help! Take a look on the upcoming tax-related dates from the Czech Republic, Hungary, Romania and Slovakia, or download our 2019 Tax Calendar as a Month-by-Month Calendar from here.
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.
From 1 September 2019 a novelty being a part of anti-bureaucracy law and relating specifically to the provision focusing on reducing the red tape by the use of the public administration´s information systems (IS) assumes effect. In this case, the bodies of state power when fulfilling their official duties are liable and entitled to obtain and use data registered in the public administration´s IS and also to provide such data to one another in essential scope.