- Recent changes in transfer pricing and VAT have impacted accounting practices, especially for related entities.
- Both large capital groups and SMEs are under increased scrutiny from tax authorities.
- Accounting firms play a crucial role in ensuring tax compliance and avoiding penalties.
- Transfer pricing adjustments can affect VAT, with different EU countries having varied approaches.
- In Poland, VAT implications depend on whether adjustments relate to specific transactions or profitability alignment.
- The EU Court of Justice may soon provide further guidance on transfer pricing and VAT relations.
- Accounting firms face challenges in supporting clients with compliance without providing tax advisory services.
- Common questions include documentation requirements for related entities, low-value transactions, and personal connections.
- There is uncertainty about VAT treatment for invoices from related entities and management services without contracts.
Source: mddp.pl
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
