SLIM VAT - Settlement of credit notes 2021
SLIM VAT package
are solutions introduced to simplify VAT settlement. The solutions of the SLIM VAT package are to clarify and supplement some of the VAT provisions by removing unnecessary obligations that make running a business difficult. From January 01, 2021. as part of the SLIM VAT package, among others, changes in the settlement of correction invoices.
PFR subsidy - documents confirming the right to represent the beneficiary
PRF Financial Shield - duty beneficiaries of the program for small and medium-sized enterprises is the delivery of documents confirming, that person, who accepted the subsidy contract and made a declaration of will to conclude it on behalf of the entrepreneur she was entitled or authorized to represent the beneficiary.
Tax relief - hypothetical interest on subsidies and retained profit
Hypothetical interest - what is it?
Hypothetical interest is a special tax relief for CIT taxpayers. It applies only to those taxpayers who have allocated the company's profit to reserve or supplementary capital or contributed to the company. This relief is based on the calculation of hypothetical interest that burden tax costs and reduce the tax. Hypothetical interest is a kind of incentive for companies to increase their equity capital. As a consequence, they are to lead to limiting the share of foreign capital in the structure of the company's financing sources.
Procedures and markings in the file JPK_V7
From October 01, 2020, the obligation to send a new JPK_V7 file to the KAS gates comes into force, which replaces the current VAT declaration and JPK_VAT file. This change will extend the existing reporting obligations to three areas:
GTU Codes - Detailed Reference
Grouping of Goods and Services - what is it about?
From October 01, 2020, the obligation to send a new JPK_V7 file to the KAS gates comes into force, which replaces the current VAT declaration and JPK_VAT file. The new electronic document is a combination of the declaration and registration parts, which must be additionally supplemented with new GTU codes. The seller is obligated to mark the delivered goods and services with the appropriate GTU code in the JPK_V7 file. The sale of goods that are not listed in the catalog remains unmarked. The GTU code grouping catalog itself consists of 13 items:
Documenting WDT - changes in regulations in 2020
In order to apply the 0% rate VAT to intra-Community supply of goods, the taxpayer should have documents confirming the export of goods to another EU country. According to EU Council Implementing Regulation 2018/1912 of December 4, 2018. from January 01, 2020 in force presumption of exportation of goods to another EU country on the basis of having appropriate documentation.
Employee Capital Plans - PPK support
Support for PPK - Employee Capital Plans
PPK - Employee Capital Plans is an instrument of voluntary and universal saving supported by the state in order to allow additional savings in the long term for all employees. The universality and joint distribution of burdens and obligations, as well as the ease of saving makes the PPK an opportunity for employees in accumulating additional funds, as well as an opportunity for employers to use PPK as a tool to increase the level of trust in the company, increase its attractiveness and motivation of employees. In global terms, the accumulation of savings will strengthen the capital market and should become an additional development impulse for the Polish economy.
Legal basis - Act of October 4, 2018 on employee capital plans Dz. Of Laws of 2018, item 2215, from 2019 item 1074, 1572.