Featured articles

Refinancing of employees’ pay should be taxed?

Entrepreneurs who received support under Article 15g/15gg of the Anti-crisis Shield may be obliged to pay tax on the additional taxable benefit in the amount of the received funds. According to the authorities refinancing of employees’ remuneration received from the Guaranteed Employee Benefits Fund (FGŚP) should be subject to CIT.

The qualification of fuel card transactions for VAT

On 15 February 2021, the Ministry of Finance issued a general tax ruling regarding qualification for VAT purposes of fuel card transactions. The ruling confirms the theses of CJEU’s judgment of 5 May 2019 in the Polish case Vega International C-235/18, indicating premises allowing to distinguish a supply of goods among three entities (taxed with VAT, with the right to deduct) from a provision of services (exempt from VAT).

Amendments to AML and Financing of Terrorism

On 19 January 2021, the Polish Parliament (the Sejm) received a government draft amendment to the Act on Counteracting Money Laundering and Financing of Terrorism aimed at implementing changes in AML directives. What is about to change?

National e-Invoicing System (KSeF) from 01/10/21

On 5 February 2021, the Polish Ministry of Finance proposed a draft amendment to the VAT Act, introducing to the Polish legal order the possibility to issue structured invoices as one of the permitted forms of documenting transactions.