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CJEU will clear doubts about VAT chargeability at the sale of a real property

2016-09-30

Proper determination whether in the case of a real property sale transaction planned by taxpayers VAT exemption will be applicable or the sale has to be taxed by applying the basic rate seems to be problematic not only for taxpayers but for tax authorities as well.

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As of 2017 expenses paid in cash in excess of PLN 15,000 will not be tax deductible

2016-09-30

As of 1 January 2017, in connection with the amendment of the Act on Freedom of Business Activity, entrepreneurs are required to make payments to other entrepreneurs via a bank account if the transaction value on a single basis, regardless of the number of payments it involves, is in excess of the equivalent of PLN 15,000. This amendment has also influence on the principles for determining tax deductible costs in connection with incurring expenses for which payment is made in cash.

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Works on the amendment of the VAT Act are in progress

2016-10-03
On the website of the Government Legislation Centre a long awaited proposal of the Act amending the VAT Act has been published. As may be concluded from the rationale for the Act, the legislator’s intention is first of all further sealing of the tax system. Below we present a short summary of the most important – in our subjective assessment – changes which are to be effective already as of 1 January 2017.
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