Four facets of tax changes
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.
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).
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
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.