This comprehensive guidebook for foreign investors should provide objective economic overview, accounting and tax principles, as well as, company formation process.
The Ministry of Finance* (MF) is not slowing down in carrying out work aimed, as declared, at more effective prevention of understatement of taxable income in the area of transfer pricing. Changes in TP introduced shortly before the end of the year are unfortunately becoming a tradition.
With the advent of 2021, dramatic changes await us in both labor law legislation and taxes in the Czech Republic.
We are happy to announce that ASB, once again, was awarded the „Gazele Biznesu” title, this time for 2020. This prestigious award is granted to the leaders of the most dynamic developing Polish companies.
The amendment to the Income Tax Act brought a change in the definition of tangible assets as of 1st January 2021.
With the arrival of 2021, it is necessary to ensure that the form, the Declaration of the taxpayer liable to personal income tax from dependent activities is signed by employees who wish to claim tax allowances in terms of the new year.
Newly starting from the 2020 tax period, those tax entities that will file their income tax returns in electronic form will have an advantage.
Until 31 January 2021 certain CIT taxpayers are obliged to submit first reports on applied payment dates in commercial transactions. On 1 January 2020 provisions of the Act on amending certain acts in order to limit payment blockages introducing regulations mobilizing debtors to pay within the set deadline and discouraging them from imposing unjustified, extended payment deadlines entered into force.
As of 2021 (i) taxpayers with revenues exceeding EUR 50M annually as well as (ii) tax capital groups are obliged to prepare and publicise information about tax strategy realized in the tax year. This in fact means the obligation of preparation of a tax procedure describing the process of carrying out tax compliance.