On 6 May 2020 the Parliament (the Sejm) adopted a draft bill amending PIT, CIT, VAT Acts, and the Tax Ordinance Act. Among proposed changes are in particular: the possibility of making payments on bank accounts not indicated on the so-called White List and adapting the PIT and the CIT Acts to the Polish Classification of Products and Services (PKWiU 2015).
For a few latest years, many developed and developing countries have been promoting R&D activities. The surge in R&D expenses is however not unexpected – most economists agree that this is the only way to avoid the middle-income trap. Leaders in this field in 2018 were: Israel, South Korea, Taipei, Sweden, and Japan:
The so-called Anti-Crisis Shield 3.0 regulations have entered into force on 16 May 2020. Please find below a summary of the most important changes.
We are pleased to announce that ASB Poland prolonged its membership in IVA, while ASB Czech Republic and ASB Slovakia became new members of the association. IVA (the International VAT Association) deals with international VAT issues representing the interests of businesses and advisers involved in VAT or equivalent turnover taxes around the world.
Poland, Slovakia, the Czech Republic, and Hungary are key CEE countries, attracting investments from all over the world. And although one would expect that it would be Poland – the biggest economy, country, and nation among CEE countries – who will excel, yet it seems that foreign investors prefer rather Slovakian, Czech or Hungarian economy. Surely it is not purely a coincidence.
On 7 May 2020, the Court of Justice of the European Union (hereinafter referred to as “CJEU”) passed a significant ruling in the Polish case C-547/18 Dong Yang Electronics indicating a direction in determining a fixed establishment (hereinafter referred to as: “FE”) for VAT purposes.
The government's bill on the new aid program as part of anti-crisis regulations (the so-called Anti-Crisis Shield 3.0) is now going to be discussed in the Senate.
The so-called Anti-Crisis Shield 2.0 extending provisions of the earlier Anti-crisis shield entered into force on 18 April 2020. Below we present the most important implemented changes.
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