We are pleased to announce that ASB Poland has been accredited by ACCA once again. It means, that we were awarded ACCA Approved Employer: Trainee Development – Gold and ACCA Approved Employer – Professional Development.
On 24 May 2019 the President signed amendments to the CIT, PIT and VAT Acts modifying the rules relating to the register of VAT taxpayers, or the so-called “white list” of taxpayers. These amendments mean that the Ministry of Finance will update the register daily and include information on taxpayers’ bank accounts opened in connection with their business activity.
The Ministry of Finance has prepared draft amendments to the VAT Act that will introduce the obligatory split payment for selected goods and services. The obligatory split payment will replace the obligatory reverse charge mechanism used in current regulations.
On 28 June 2019 the Ministry of Finance published a decree postponing the implementation of obligatory withholding tax (“WHT”) remittance until 1 January 2020.
The European Court of Justice has ruled that the tax point for VAT may be defined as the moment of formal acceptance of work performed under a construction contract. In its judgement of 2 May 2019 (C-224/18) the court stated that the tax point may arise at the time of formal acceptance of the work stipulated in the contract.
As of July 2019 the new “pay-and-refund regime” for withholding tax takes effect. The new regulations will cause additional tax obligations for many taxpayers, who make larger payments of dividends, interest, royalties or fees for intangible services to foreign recipients. Larger payments are generally payments which, in total, exceed PLN 2 million to the same recipient in the year.
A new amendment to Act No. 235/2004 Coll. on value added tax will come into effect as of 1 April 2019.
On 1 January 2019, based on a deputies’ proposal, an amendment to the Income Taxes Act came into effect altering the base for the tax on wages and salaries - "supergross salary", in the event an employee participates in a foreign social security system.
Outsourcing is an agreement in which one company hires another company to be responsible for a planned or existing activity that is or could be done internally and sometimes involves transferring employees and assets from one firm to another.