Poland approves cash accounting scheme for eligible entrepreneurs
Poland’s parliament approved a new "Cash PIT" regime aimed at individual entrepreneurs who operate their businesses independently and whose revenue did not surpass the PLN 1 million (EUR 250,000) threshold in the previous tax year. The scheme
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Poland to raise excise duty on tobacco products
Poland’s Council of Ministers approved a bill to raise excise duty rates on tobacco products on 1 October 2024. The tobacco products that are subject to increased excise duty include cigars, novelty tobacco products, raw tobacco, and electronic
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European Commission refers Spain, Cyprus, Poland, Portugal to court for failing to transpose Pillar Two Minimum Taxation Directive
The European Commission (EC) decided to refer Spain, Cyprus, Poland, and Portugal to the Court of Justice of the European Union for failing to notify measures for the transposition into national law of Council Directive (EU) 2022/2523 of
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Poland: Lower House passes VAT exemption, optional cash method for small businesses
Poland’s lower house of the Parliament (Sejm) passed the first reading of a bill which allows small businesses with sales in the previous tax year not over EUR 100,000 to receive a value-added tax (VAT) exemption in other EU countries on 27
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Poland: Lower parliament evaluates draft law to enact Pillar Two global minimum tax
Poland's Sejm (lower house of parliament) is currently reviewing a draft law, submitted on 25 September 2024, to implement the Pillar Two global minimum tax in accordance with Council Directive (EU) 2022/2523 from 14 December 2022. The draft law
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Poland to implement Crypto-Asset Reporting Framework (CARF)
Poland's Ministry of Finance in a release announced that Poland will enact the Crypto-Asset Reporting Framework (CARF) on 24 September 2024. The Crypto-Asset Reporting Framework (CARF) is a standard for reporting and exchange of tax
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Poland passes bill easing VAT rules for small businesses
Poland’s government passed a bill to streamline and simplify VAT obligations, particularly for small businesses in the European Union. Earlier, Poland’s Ministry of Finance approved a draft bill on 10 September 2024 to simplify and modify VAT
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Poland to present 2024 budget changes due to floods in two weeks
Devastating floods have afflicted Poland since 22 September 2024, prompting the government to introduce changes to the 2024 budget. According to Finance Minister Andrzej Domanski, the government will make necessary changes to the budget within two
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Poland issues goodwill depreciation guidelines
Poland’s Ministry of Finance issued a guidance, on 12 September 2024, clarifying that goodwill acquired through non-monetary means – such as acquiring a business by extinguishing a loan – cannot be depreciated for corporate income tax purposes
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Poland approves draft legislation to simplify VAT obligations for small businesses
Poland's Ministry of Finance announced that it has approved a draft bill aimed at simplifying and modifying VAT regulations for small businesses on 10 September 2024. The legislation aims to simplify administrative obligations by introducing the
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Poland updates transfer pricing reporting FAQs
Poland’s Ministry of Finance released the fifth edition of the transfer pricing reporting Q&A (TPR Guide 2023) on 4 September 2024, offering an updated collection of answers to frequently asked questions about transfer pricing reporting
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Poland introduces new deposit refund system and VAT rules
Poland has introduced a new deposit-refund system for beverage packaging for retail and wholesale sellers, which is expected to be implemented on 1 January 2025. This system will also introduce updated rules for settling value-added tax (VAT) for
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Poland: Finance ministry proposes VAT changes
The Polish Ministry of Finance has reportedly suggested several amendments to the VAT Act. The main proposed amendments are as follows: Apply a zero VAT rate to non-seagoing rescue vessels and lifeboats used at sea; Maintain 8% VAT for
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Poland: No new property taxes on solar farms and installations
Poland’s Ministry of Finance clarified in a notice on 21 August 2024 that it has no plans to introduce new real estate taxes on photovoltaic farms and installations. The proposed amendments to the Act on Local Taxes and Fees seek to maintain
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Poland: Council of Ministers propose corporate tax reforms
Poland’s Council of Ministers has presented a legislative agenda to amend the Individual Income Tax Law (IITL), Corporate Income Tax Law (CITL), and other tax measures. The proposed changes are intended to simplify tax regulations, remove
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Poland approves cash basis law for small entrepreneurs
The Polish Council of Ministers approved a draft law allowing small-scale entrepreneurs to use cash-based settlement of revenues and costs on Tuesday, 13 August 2024. This option, referred to as “Cash PIT” will be available to independent
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Poland initiates new consultations on e-invoicing
Poland’s finance minister Andrzej Domański on 12 July, 2024, announced that the Ministry of Finance and the National Revenue Administration are starting a new cycle of consultations on the National e-Invoicing System (KSeF). The meeting titled
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Poland initiates public consultation on VAT Law changes for small businesses
Poland’s Ministry of Finance announced the introduction of a draft bill concerning a proposed amendment to the VAT Law under the Amending Directive to the VAT Directive (2020/285) on 25 June, 2024. The draft legislation is up for public
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