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Tax 2020/2021

Four facets of tax changes

1. Sealing

MDR

MDR – summary of deadlines and obligations

Pursuant to the MDR Regulation, tax scheme re-reporting deadlines have been extended.

Nowelizacja CIT PIT

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

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).

ESTOŃSKI CIT

Estonian CIT: much ado about nothing?

Work is underway to introduce the so-called “Estonian CIT” from 1 January 2021.

3. Streamlining

JPK VAT

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.

WHT

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

PODATEK CUKROWY

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.

Przeciwdziałanie Strukturom Hybrydowym ATAD2

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.