Publications

On 18 September 2017, nearly 12 months after the proposals, the Decrees regarding information to be included by PIT and CIT taxpayers in the prepared tax documentation were published. The Decrees clarify the scope of information which should be presented in the so called local file and master file documentations, implemented by the amendment which has been effective already since the beginning of this year.

As part of the amendment of the income tax laws it is planned to introduce the so called minimum income tax for owners of certain commercial real estate.

On 12 August 2017 the Act amending the Personal Income Tax Act and the Corporate Income Tax Act of 7 July 2017 (Journal of Laws item 1448) entered into force.

Services consisting in the transport of goods to countries outside the European Union, which are not supplied directly to the consignor or the consignee of such goods, but to their contractual counterparty, are not exempt from VAT or covered with a VAT rate of 0% – so adjudicated the Court of Justice of the European Union in its judgment of 29 June 2017 in the case of ‘L.Č.’ IK v Valsts ieņēmumu dienests (C-288/16).

Works are underway on the proposal of the Act amending primarily the Corporate Income Tax Act. As stated in the rationale for the Act published in July 2017, its basic objective is to seal the tax system by assuring the possibility to connect the amount of tax paid by entities with the actual place where income is generated.

On 7 July this year the Ministry of Finance started tax consultations regarding further changes in JPK_VAT files.

As stated in the notification on the commenced consultations, the first objective of the consultations is to implement modifications in technical and content-related terms to the existing JPK_VAT scheme, in particular to liquidate redundant data, to modify the file structure on technical and IT level, to add new data that would enable better use of the JPK_VAT scheme both by tax authorities and by taxable persons

On 7 June 2017, an official ceremony of signing  the  Multilateral Convention to Implement Tax Treaty-Related Measures to Prevent Base Erosion and Profit Shifting (abbreviated name: MLI) was held in Paris.

On 12 June 2017, the Ministry of Finance published on its website a warning before tax optimisation with the use of foreign companies in connection with regulations on the place of management.

As of 1 January 2017, significant amendments were introduced to the regulations on the obligation of drawing up transfer pricing documentation. One of the many novelties is the necessity to prepare so-called ‘master file’ by selected taxpayers.