US imposes tariffs on Grain-Oriented Electrical Steel From Germany, Japan, and Poland
The International Trade Administration (ITA) of the US Department of Commerce (DOC) has issued its affirmative final determinations on July 17, in the antidumping duty (AD) investigations of imports of grain-oriented electrical steel (GOES) from
See MorePoland-Slovak Republic DTT protocol enters into force
The Poland - Slovak Republic Income and Capital Tax Treaty (1994) protocol will enter into force on August 1, 2014 and it generally applies from January 1,
See MorePoland: Proposals for CFC regime
Poland proposed bills to changes to its controlled foreign corporation (CFC) rules and thin capitalization regime. According to the rules tax would be levied on specific income which obtained from some foreign subsidiaries owned by the taxpayers of
See MoreMalaysia-Poland: Ratified the income tax treaty
The income tax treaty between Malaysia and Poland (2013) was released on 23 June 2014 after sanctioned by Malaysia this new treaty will replace the Malaysia-Poland tax treaty of
See MorePoland: Proposal for single VAT rate
The Finance Ministry of Poland revised its standard and reduced rate of VAT for creating a single rate to simplify the VAT procedure. Poland’s current VAT rate is 23%; this rate will decrease in between 8% to5%. From 2016 this rate will further
See MorePoland: Recommended to revise the tax breaks
The EC (European Commission) suggested Poland to revise its value added tax because of Poland’s "extensive system" of decreasing rates, which provided huge gap of VAT in the European Union. The EC also advise to modify its tax incentives for
See MorePoland – Reduction of VAT by 2017
In Poland the government intends to raise the standard rate of VAT again by 2017. The standard rate has already been raised to 23% from January 2011 as a consequence of the financial crisis. Although Poland did not undergo a recession after the
See MorePoland – Belgium DTA
Poland and Belgium concluded a double taxation agreement (DTA) on April 14, 2014. No further details of the agreement are currently
See MorePoland – New guidelines concerning transfer pricing regulations on business restructuring
Poland has prepared guidance on some questions arising from the issue of transfer pricing regulations last year. The guidance is generally based on OECD principles. Under the guidance the expression “business restructuring” is defined as the
See MorePoland Announces Six-Year Tax exemption for Shale Industry
The government of Poland has put forward a proposal for an exemption from special taxes for the shale gas industry until the year 2020, and this is now being considered by parliament. This follows a complaint from the Supreme Audit Office that the
See MorePoland – VAT reduction with respect to motor vehicles
On 20 February 2014, the Polish Senate adopted a bill introducing limited deductibility of input VAT on the purchase of certain motor vehicles and related expenditures. The draft amendments to the VAT Law are based on the EU authorization for the
See MoreSingapore: DTA between Poland and Singapore enters into force
The Singapore tax authority announced on 6 February 2014, that the double tax agreement (DTA) signed between Singapore and Poland applies from 6 February 2014 for the mutual agreement procedure and exchange of information provisions and from 1
See MoreRevised DTA between Poland and Singapore in force
The revised version of the Singapore-Poland avoidance of double taxation agreement (DTA) entered into force on 6 February 2014. It was signed on 4 November 2012. Bottom of Form The revised DTA incorporates the internationally agreed standard for
See MorePoland: 2014 VAT Law
The 2014 Poland VAT Law, which came into effect on 1 January 2014, brings about major changes to the Polish VAT compliance regime. Key changes relate to the tax point in Poland, the VAT base and on intra community supplies within the EU. VAT will
See MorePoland: Amendments to input VAT deductions for automobiles
A draft modification to the rules for input value added tax (VAT) deduction for vehicles has been published, and is expected to be effective from March 2014. The proposed amendments will introduce limitations of the right to claim input VAT,
See MorePolish 2014 VAT Law brings in widespread changes
On 13 January 2014 it has been reported that there has been a major overhaul of the Polish VAT compliance regime following the approval of the 2014 Polish VAT Act. The changes are aimed at bringing the Polish Value Added Tax regime more into
See MorePolish Parliament approves bill amending CIT law
The lower house of the Polish Parliament approved a bill on 8 November 2013, which enacts significant changes to the Corporate Income Tax (CIT) law as effective from 1 January 2014.The Polish Government was proposed in the bill to include
See MorePoland’s VAT changes effective in 2014
Poland’s value added tax (VAT) law changes that is effective from 1 January 2014. Changes to the date when VAT liability arises (the tax point); a new definition of the taxable base; new rules for input VAT deductions; new provisions in relation
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