ASB is pleased to announce that we have joined the International VAT Association (IVA). IVA is the world’s leading independent association dealing with international VAT issues and represents the interests of businesses and advisers involved in VAT or equivalent turnover taxes around the world.
On 17 October 2019 the ECJ issued a judgment in a Polish case concerning the right to apply 0% VAT rate for export of goods if: (i) the goods have been exported to an unidentified recipient outside the EU, (ii) there is evidence that the goods have left the EU but (iii) the invoice indicates the wrong name of the recipient.
On 1 January 2020 a package of new VAT regulations for intra-community transactions, the so-called “Quick fixes”, will come into force. These follow from an amendment to EU Directive and Regulation governing VAT on intra-community transactions.
The ASB office in Warsaw won the Office Superstar 2019 prize, at the same time being recognised as the best office in Poland in the BPO/SSC category, according to the CBRE competition.
Dear business partners,
ASB Group attends Expo Real (Messe München) 2019, the largest real estate and investment trade fair in Europe. Expo Real gathers all important sectors of the real estate industry and provides 10 forums with 370 speakers.
Under general principles, granting a guarantee results in a guarantor assuming risk because a lender may claim its receivables from both the debtor and the guarantor. Under the corporate income tax law such risk must be valued for tax purposes and, if the guarantee is received without consideration, it constitutes income-in-kind for the recipient of the guarantee.
From September 2019, the so-called "White list" - a new electronic register of entrepreneurs - VAT taxpayers, will apply. It will include, among others, information on registration, deregistration and taxpayer status, as well as current bank account numbers related to business activity.
The Parliament recently adopted several important amendments to the VAT Act. The most important change is the new VAT rates classification that will come into force from 1 April 2020.