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.
Contrary to previous years, the year-end top-up obligation will be different in 2019. Earlier, by the end of the business year, companies had to investigate whether they are subject to a tax advance supplement (also known as top-up obligation). In this article, we are focusing on the related changes.
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 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.
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 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”).