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.
Mandatory reporting of tax strategies
The tax amendments of last November have brought an additional reporting obligation for certain entities ...
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.
ATAD 2: Preventing hybrid mismatches
From 1 January 2021, amendments to the CIT Act regarding the prevention of hybrid mismatches with third countries, made as a result of the implementation of ATAD 2, will apply to revenues (income) generated after 31 December 2020.