Polish VAT list and foreign contractor

VAT White List in Poland and payment to foreign contractor When do you have to pay on the account indicated in Polish VAT White list? First of all, it has to be outlined that obligation of payment to the contractor’s bank account indicated in Polish VAT White List applies only when the seller (issuer of the invoice) is…

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Individual tax account in Poland

Individual tax account – tax micro account in Poland As of 1st January 2020 Polish taxpayers will be obligated to pay VAT, PIT, CIT only on their individual tax account in Poland. How does it look now? Now taxes are paid to the bank accounts of Polish tax office competent for the taxpayer. Moreover different type of tax…

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Split payment in Poland

Split payment in Poland As of the beginning of November 2019  the provisions regarding obligatory split payment in Poland come into force. It is worth underline that this obligation may also apply to a large part of small companies in Poland, including entities conducting sole proprietorship. What is split payment? Split payment generally has to be defined as:payment…

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VAT white list in Poland

VAT taxpayers white list in Poland from September 2019 From September 2019, the so-called white list of VAT in Poland has applied. It contains information on VAT registration, de-registration and status of the Polish VAT payer, as well as bank account numbers of entrepreneurs in Poland. Money transfer to an account other than the one indicated on the…

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Financial Statement 2019 – Company in Poland

Financial Statement 2019 – Company in Poland, complete guide. Currently, Financial Statement of Polish Limited Liability Company and all other related financial documents have to be prepared and submitted to the National Court Register only in electronic form. It is no longer possible in any circumstances to submit financial documents of company in Poland in paper form to…

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9% Corporate Income Tax – company in Poland

9% Corporate Income Tax – company in Poland. The basic rate of corporation tax for Limited Liability Company in Poland is the flat rate of 19%. However, from the beginning of 2019 the preferential rate of CIT has been implemented in the rate of 9%.When 9% Corporate Income Tax  for Polish Limited Liability Company will be applicable?First of all,…

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