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.
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.
Lack of entry in the BDO register is subject to an administrative fine from PLN 5.000 to PLN 1.000.000 and the penalty imposed by the court - imprisonment or fine.
From January 01, 2020, companies that generate waste and will not be registered in the BDO register will not be able to transfer this waste to the recipient and issue waste transfer cards in electronic form. The paper waste card will no longer function.
The Central Register of Real Beneficiaries (CRBR) is used to process information on the actual beneficiaries of companies to prevent the use of the financial system for money laundering or terrorist financing. The provisions of the GDPR do not apply to the processing of personal data collected in CRBR. Companies that do not report their actual beneficiaries are subject to a fine of up to PLN 1 million.
From January 01, 2020, taxpayers and payers of tax liabilities due to CIT, PIT, VAT and non-tax budget receivables will be obliged to settle current payments, arrears and corrections resulting from previous settlement periods from the above-mentioned taxes to an individual tax account.
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.
The whitelist contains the list VAT taxpayers active and exempt from VAT and VAT taxpayers to whom the head of the Tax Office has not registered, taxpayers deleted and reinstated in the VAT register.
The list allows, among others checking the status of the taxpayer according to the status on the given day of checking and the numbers of settlement accounts.
From January 1, 2020, all transactions between active VAT payers, the one-off value of which exceeds PLN 15.000,00 gross, should be settled through the settlement account, which is on the white list of VAT taxpayers.
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 Act of 7 July 2017 amending the Personal Income Tax Act and the Corporate Income Tax Act introduces the possibility of one-off depreciation on acquired, brand new machinery and equipment included in groups 3-6 and 8 of the Classification of Fixed Assets. Therefore, the investment relief does not cover 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 may be met by purchasing at least two fixed assets, with the initial value of each individual investment exceeding PLN 3.500.