This year, due to the COVID-19 pandemic, deadlines for financial statement preparation and approval, have been extended again. Just before the original deadline for preparation of a financial statement, on March 30th, 2021, a regulation issued by the ministry of…
On the basis of Article 77 p. 61 of the Act of June 19th, 2020, on Subsidies for Interest of Bank Loans Granted to Entrepreneurs Affected by COVID-19 and on Simplified Arrangement Proceedings Due to COVID-19, to so called Anti-Crisis…
The introduction of the state of the epidemic in Poland coincided with the moment when the majority of entities keeping accounts in accordance with the provisions of, among others, the Accounting Act should draw up, approve, make available, and submit…
Pursuant to the Polish Act Personal Income Tax and the Act on Corporate Income Tax, the annual PIT form as well as the CIT form should be filed to the tax office and the tax should be paid before the…
Due to coronavirus epidemic, the Polish Minister of Finance issued the regulation extending the deadline for filing tax declarationa and paying tax by legal persons. Deadline Before Change Pursuant to Article 27 sec. 1 of the Legal Person’s Income Tax…
On January 1st, 2020, except for Article 11 which came into force on December 31st, 2019, the Act of July 19th, 2019, on Change of Some Acts to Combat Excessive Payment Delays (“Act”) came into force. The Act amended many…
On January 1st, 2020, a substantial change to the Good and Services Tax Act came into force. Currently an invoice to a receipt may be issued only if on the receipt is placed Tax Identification Number of the purchaser. Until…
Split payment was introduced on July 1st, 2018. Currently it is fully for volunteers. From November 1st, 2019, the majority of entrepreneurs will still have choice. However, in some cases split payment will be obligatory. Transactions for Which Split Payment…
A lot of entrepreneurs, while starting up, indicate their place of residence as the official seat of their business. Thanks to that, they do not have to bear the additional costs of premises rental, and may charge the expenses related…
Directors of Tax Chambers, while issuing, under the Tax Ordinance and on behalf of the Ministry of Finance, individual tax interpretation statements, have changed their position concerning the system of classification of creators’ and art performers’ incomes generated within the…