Tax 2020/2021
Four facets of tax changes
1. Sealing
MDR – summary of deadlines and obligations
Pursuant to the MDR Regulation, tax scheme re-reporting deadlines have been extended.
Amendments to CIT/PIT provisions – further sealing of the tax system
On 30 September 2020, a controversial government bill concerning amendments to income tax laws was presented to the Sejm. We present an overview of the most important changes included in the bill.
2. Expediting/preferences
Slim VAT – exaggerated talk of simplifying the VAT regime
The Ministry of Finance is working on a draft amendment to the VAT Act regarding the simplification of VAT settlements (the so-called Slim VAT package, i.e. Simple Local And Modern VAT).
Estonian CIT: much ado about nothing?
Work is underway to introduce the so-called “Estonian CIT” from 1 January 2021.
3. Streamlining
JPK_VAT – new obligations to come into force shortly
Taxpayers will be required to submit the new JPK_VAT (SAF for VAT) for as early as October 2020, i.e. by 25 November 2020.
Amendments to WHT – limited scope of regulations, clarification of the provisions
The Ministry of Finance is working on amendments to the new WHT collection model (pay & refund system) regulations, originally set to apply from 1 January 2019.
4. New taxes
Sugar tax and miniature alcoholic beverage levy
From 1 January 2021, new levies, i.e. the so-called “sugar tax” and “miniature alcoholic beverage levy”, will enter into force in Poland.