OUR TAX BLOG
Policy directions and specifications for KSeF-related changes to VAT act
The Finance Ministry has published policy directions and specifications regarding changes it intends to make to the VAT Act to finally implement KSeF (National E-Invoicing System) as a mandatory scheme. The document is a product
Government adopted proposed legislation implementing DAC7
On April 9 the Council of Minister adopted a proposal dated 27 March 2024 to amend the Tax Information Exchange with Other Countries Act and certain other acts ("Proposal") with a view to implementing EU's
Supply chain true-ups under profit split method vs. transfer pricing adjustments
This is to let you know of a recent private tax ruling dated 28 March 2024 by Director of National Revenue Information ("Authority") (ref. 0111-KDIB1-1.4010.34.2024.2.SG), where he upheld the applicant's argument that an annual profit/loss
Not all staff training is employer’s business expense
This is to draw your attention to the private tax ruling dated 22 Feb 2024 by Director of National Revenue Information ("Authority"), ref. 0114-KDIP3-1.4011.1022.2023.8.AC ("Ruling"), which is concerned with the deductibility for income tax purposes
Finance Ministry wraps up consultations on mandatory KSEF implementation
On 21 March 2024 the Finance Ministry held a wrap-up meeting summarising the public consultation process regarding the implementation of mandatory KSeF (national electronic invoicing system). Officials presented the salient points and directions of the
Real estate-rich companies due to submit their reports soon
This is to let you know that 2 April 2024 is the due date for: real estate-rich companies to make the owner disclosure filing (form CIT-N1), taxpayers holding shares or interests in real estate-rich companies