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Tax Archives

Anti-crisis shield

Anti-crisis shield in connection with COVID-19

Find support for your company:

ANTI-CRISIS DISC

Chosen assumptions anti-crisis shield:

  1. Exemption from the payment of ZUS contributions for 3 months (according to declarations submitted for the period from March to May) based on the application submitted for:

    • companies employing up to 9 employees as at February 29, 2020, if the employer was registered as a contribution payer before February 1, 2020. The exemption applies to contributions for the entrepreneur and the persons working for him,
    • self-employed persons paying contributions only for themselves who conducted business activity before February 1, 2020, with operating income (in the first month for which the application is submitted) up to the amount of PLN 15.681,00.

IMPORTANT !! Only ZUS contributions paid are subject to income and tax deduction. Consequently, exempting entrepreneurs from paying ZUS contributions in part for an employer will not constitute tax deductible costs.

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tax limits

Tax and accounting limits for 2020 - simplifications

Tax limits for 2020

Tax limits for 2020 determine the status of a small taxpayer for the purposes of CIT / PIT and VAT.

TAX LIMITS IN 2020SMALL TAX PAYMENT STATUS FOR CIT / PIT OBJECTIVES IN 2020SMALL TAX PAYMENT STATUS FOR VAT PURPOSES IN 2020
VALUE OF SALE INCOME WITH VAT IN 2019
(course from October 1, 2019
in roundabout up to PLN 1.000)
up to EUR 2.000.000
(PLN 8.747.000)
up to EUR 1.200.000
(PLN 5.248.000) *
ONE-OFF CUSHIONING
(exchange rate from October 1, 2019 in roundabouts to PLN 1.000)
up to EUR 50.000
(PLN 219.000)
-
CIT RATE9%-

*) The taxpayer running a brokerage enterprise, managing investment funds, being an agent, contractor or other person providing services of a similar nature (except for a commission) will obtain the status of a small taxpayer when amount of commission with VAT (or other form of gross remuneration) for services rendered in 2019. will not exceed EUR 45.000 (exchange rate from October 1, 2019, rounded up to PLN 1.000 -> 197.000 PLN).
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Gift tax effects

Christmas gift - tax effects

Is the gift a tax deductible cost for the giver (provider)?

The purchase of a gift will constitute a tax cost, provided that the expenditure is incurred in order to generate income or to maintain or secure a source of income. In practice, this means that gifts should bear a company logo, of low value, and their delivery should be massively for advertising purposes (i.e. promoting the brand or products of the company). In addition, when input VAT on the purchase of gifts is not deductible, it is a tax deductible cost. In contrast, elegant and valuable gifts given to selected contractors and gift baskets in which we place branded sweets and alcohols are used to build or maintain good relationships and create a favorable image of the company, are representative and do not charge tax costs.

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Individual tax bill

Individual tax bill

From January 01, 2020, taxpayers and payers of tax liabilities due to CIT, PIT, VAT and non-tax budget receivables will be obliged to regulate current payments, arrears and corrections resulting from previous settlement periods from the abovementioned taxes to an individual tax account.

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bad debts

Limitations of payment gridlocks - bad debts

BAD LONG - SUBJECT OF ADJUSTMENT:

From January 01, 2020 the "bad debts" rules will come into force for the purposes of CIT / PIT, similar to the provisions in force for the purposes of VAT.

IN CASE OF NOT REGULATED

  1. In the event of non-payment of claims under commercial transactions for a period of 90 days from the first day following the payment deadline specified on the invoice or contract:
    • the seller has the privilege reducing the tax base / increasing the tax loss by reducing tax revenues from unpaid receivables,1)
    • the buyer has an obligation increasing the tax base / reducing the tax loss by reducing tax costs (increasing tax revenues - for entities taxed in the form of flat-rate income tax) from unpaid liability.2)
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Split payment method - MPP

Mandatory split payment method

Split payment method

The split payment method (MPP) in a mandatory form for some transactions enters into force from November 1 2019.

MPP includes invoices for transactions that meet two conditions in total:

  • the transaction concerns the purchase of goods and services listed in Annex 15 to the Act on VAT, which includes transactions of purchase of goods and services previously listed in Annex 14, 13 and 11 of the VAT Act, covered by the reverse charge mechanism and joint and several liability, including parts and accessories for motor vehicles, coal and coal products, electrical machinery and equipment, parts and accessories thereof,
  • the total amount due from the invoice (i.e. the gross value of the entire invoice) exceeds PLN 15.000,00.
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VAT tax

VAT on transport of goods and forwarding services

VAT on transport services - idea:

The service of transporting goods carried out for the benefit of the taxpayer is, in principle, taxed at the place of the customer's seat. The amount of VAT rate for this service depends on the type of transport performed. If the place of its provision is not the territory of our country, then this service will not be taxable in Poland (Article 28f, point 1a, point 1 Act on VAT). However, if the place of taxation is Poland, then this service may be taxed at a basic rate of 23% VAT or at a 0% rate (international transport). Taxation of the tax on goods and services in accordance with the principle of territoriality only applies if the place of supply of goods and services (determined on the basis of the provisions of the Act) is the territory of the country through which - as defined in art. 2 point 1 of the Act - it is understood as the territory of the Republic of Poland, subject to art. 2a of the Act (regarding cross-border bridges).

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One-time depreciation

Amended tax regulations regarding depreciation rules

One-time depreciation - amended tax regulations

The Act of 7 July 2017 amending the Act on personal income tax and the Act on corporate income tax introduces the possibility of one-off depreciation on acquired, brand-new machines and equipment included in groups 3-6 and 8 of the Classification of Fixed Assets. Therefore, the investment relief does not include the purchase of real estate and means of transport. The initial value of the fixed asset should be at least PLN 10. The PLN 10 threshold can be met by purchasing at least two fixed assets, with the initial value of each individual investment exceeding PLN 3.500.

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VAT - reverse charge

Reverse charge - construction services

The reverse charge mechanism consists in transferring the VAT settlement obligation from the supplier to the buyer. A reverse charge transaction exempts a taxable person supplying goods or service from the obligation to pay VAT. As a consequence, the seller issues a sales invoice without VAT, with the annotation "reverse charge" and prepares a VAT-27 declaration. On the other hand, the entity obliged to charge VAT is the buyer, who at the same time retains the right to deduct input VAT on the purchase.

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