- Businesses will no longer lose income tax deductibility for payments made to a contractor’s account outside the VAT “white list” or for payments made without split payment; the separate PIT/CIT sanction is being removed.
- For such payments, the existing VAT-related consequences remain: joint and several liability for the supplier’s VAT arrears when paying outside the white list, and the statutory sanction remains where split payment is bypassed.
- The government says the removal of these income tax sanctions is justified by the rollout of KSeF.
- Transfer pricing reporting (TPR) will be simplified: a taxpayer’s proxy may sign the TPR information like other tax returns, without requiring a management board member or certain professional representatives.
- Micro and small businesses will no longer have to include financial ratio indicators in TPR, and the rules on transfer pricing adjustments and corrected TPR filings are being clarified.
Source: prawo.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.
Latest Posts in "Poland"
- Home Parking Does Not Automatically Prevent Full VAT Recovery on Company Cars
- Further Restrictions Planned for Older Fiscal Cash Registers
- Input VAT May Be Deductible on Employee Accommodation Rentals
- No WDT if Goods Stay in Poland; 23% VAT Applies
- Zeroing Corrections and Replacement Invoices Go in the Original VAT Period
