KR GROUP | TAXATION BLOG
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TAXATION BLOG

Due to fact that the current regulations of the VAT Directive do not ensure coherence in the tax classification of transactions involving vouchers, causing a divergence of interpretation across the EU, the European Council on 27 June 2016 adopted an amendment to the existing VAT Directive. The European Commission yet in 2012 has attempted to determine new rules for the...

Starting from 28th of June 2015 the new definition of building object came into force. The new law cause a taxpayer` concerns in respect of taxation of installations (which are not defined in the tax law provisions). Currently, the building object shall be deemed as a building, building structure or landscaping feature, together with installations allowing the use of that...

The mass media frequently quote statements of economic experts about the need to increase innovation in the Polish economy in the coming years. This objective is to be achieved, in part, by changes made to the tax laws (both CIT and PIT). On 1 January 2016 the Act on Changes to Some Regulations Connected with Supporting Innovation introduced new solutions...

In the course of conducting business entrepreneurs may often be required to bear the cost of contractual penalties or compensations. The necessity of bearing that kind of cost can be a result of many diverse situations, including those arising from improper performance, failure to perform, or actions not directly connected to fulfilment of contractual obligation. In this article we will...

In accordance with the new regulations (Article 193a of The Tax Ordinance) if tax-payers maintain their books by means of computer programs, they will be required to provide the tax authorities with all or part of accounting books and accounting evidences in unified form (Standard Audit File, thereinafter: SAF).  Effective date   1 July 2016 – new regulations concern only large companies as...