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.
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.
From January 01, 2020 regulations on "bad debts" will come into force for the purposes of CIT / PIT, based on the provisions applicable to VAT purposes.
From January 1, 2016, corrective invoices issued as a result of receiving the return of goods, granting discounts or increasing the price resulting from the terms of the contract are to be recognized as a revenue adjustment in the settlement period in which the corrective invoice was issued, by reducing or increasing revenues