Professional Documents
Culture Documents
INTRODUCTION
CONTENT
VAT regulations ............................................................................................................................................................................................................... 4
Liquidation of quarterly settlements in VAT .................................................................................................................................................................. 4
VAT returns filed electronically...................................................................................................................................................................................... 4
EC-sales lists ................................................................................................................................................................................................................ 4
Introduction of VAT penalties ........................................................................................................................................................................................ 5
CIT regulations ................................................................................................................................................................................................................ 6
Introduction of 15% corporate income tax rate ............................................................................................................................................................. 6
New limit for cash payments ......................................................................................................................................................................................... 6
Taxes on consumption ................................................................................................................................................................................................... 7
Standard Audit File for Tax (JPK) ................................................................................................................................................................................. 7
Transfer Pricing rules ..................................................................................................................................................................................................... 8
Increase of capital relations threshold .......................................................................................................................................................................... 8
New quantitative thresholds .......................................................................................................................................................................................... 8
Introduction of new elements to the transfer pricing documentation ............................................................................................................................ 9
VAT REGULATIONS
EC-sales lists
st
Starting January 1 , 2017, all taxpayers will be obliged to file EC-sales lists electronically on monthly basis (quarterly EC-sales lists will be
liquidated).
CIT REGULATIONS
TAXES ON CONSUMPTION
st
For taxpayers whose revenues amount to over EUR 20 million, but less than EUR 100 million -threshold has been set at EUR 140, increased by
EUR 45,000 per each 10 million of revenue above EUR 20 million.
The taxpayers whose revenues amount to over EUR 100 million will be obliged to document transaction which value will exceed EUR 500,000.
It should be emphasized that current threshold of EUR 50,000 applicable to documentation obligation for partnership agreements, join venture
agreements and agreements of similar nature will remain unchanged.
taxpayers with income or expenses from EUR 2 million to EUR 10 million, will only have to draw up local file.
taxpayers with income or expenses that exceed EUR 10 million will be additionally obliged to draw up benchmarking study.
taxpayers with income or expenses that exceed EUR 20 million will be additionally obliged to draw up the master file.
taxpayers with consolidated revenues that exceed EUR 750 million will be required to prepare (in addition to the local file and the master
file) group report (country-by-country reporting).
It is expected to prepare the transfer pricing documentation not later than on the date of submission of the tax return for given tax year. The
documentation shall be reviewed and updated no less frequently than once a year. As before, the taxpayers will be required to submit complete
documentation within 7 days after the request made by the tax authority.
Disclaimer
Please note that our publications have been prepared for general guidance on the matter and do not represent a customized professional advice. Furthermore,
because the legislation is changing continuously, some of the information may have been modified after the publication has been released. Accace does not
take any responsibility and is not liable for any potential risks or damages caused by taking actions based on the information provided herein.
ABOUT ACCACE