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.

Pexels Lukas 669619

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

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.