Picture from TAAC's collection "Yellow" Jacek Żwiryn 2011
A REVOLUTION IN REPORTING OBLIGATIONS FOR VAT PURPOSES

A REVOLUTION IN REPORTING OBLIGATIONS FOR VAT PURPOSES

The changes in the reporting of transactions in value-added tax.

On 1 October 2020 entered into force the changes in the reporting of transactions in value-added tax (introduced with the Act of 4 July 2019 amending the Act on the Goods and Services Tax Act and other acts, Official Journal of Laws, Item 1520, as amended). Under the above tax act, VAT taxpayers may forget […]

Intra-community supply of goods (IDG) and chain transactions

Intra-community supply of goods (IDG) and chain transactions

The EU regulation

Documentation of intra-community supply of goods (IDG) – what kind of documents should be obtained to avoid a risk of challenging a 0% rate by the tax authorities? Under council implementing Regulation (EU) 2018/1912 (hereinafter referred to as “EU Regulation”) of 4 December 2018 amending Implementing Regulation (EU) No 282/2011 as regards certain exemptions for […]

Many European countries begin reopening borders.

Many European countries begin reopening borders.

From 15 June, full free movement of persons will once again apply with all EU/EFTA states and the United Kingdom. https://www.sem.admin.ch/sem/en/home/themen/fza_schweiz-eu-efta/meldeverfahren.html

Current entry restrictions in Switzerland

Current entry restrictions in Switzerland

Current entry restrictions in Switzerland to control the spread of COVID-19

Following the adoption by the Swiss Federal Council of measures to control the spread of COVID-19 (coronavirus) and to protect the population in Switzerland, the following rules are currently applicable: All notifications must be made from the first day of activity, regardless of the sector or industry concerned. In principle, only activities that meet an […]

Special solutions for foreigners being present in Poland during COVID-19 referring to their residence and work permits

Special solutions for foreigners being present in Poland during COVID-19 referring to their residence and work permits

Pursuant to the Act on special solutions related to the prevention, counteraction and eradication of COVID-19, other infectious diseases and crisis situations caused by them of March 2, 2020 (Journal of Laws of 2020, item 374) (amended by the Act of 31 March 2020 amending the Act on special solutions related to the prevention, counteracting […]

SUSPENSION AND LIMITATION OF THE  SECONDMENTS TO SWITZERLAND

SUSPENSION AND LIMITATION OF THE SECONDMENTS TO SWITZERLAND

Please be informed, that Switzerland has adopted measures to combat the spread of coronavirus (COVID-19 Ordinance 2). These measures aim at protecting the population and the health system in Switzerland. Based on Art. 5 Annex I of the Agreement on the Free Movement of Persons (FMOPA), the free movement rights are therefore limited. Notification procedure […]

Anticrisis shield – for employers and employees

Anticrisis shield – for employers and employees

From March 31, 2020, the so called “anti-crisis shield” provisions containing new solutions aimed at protecting employers and employees against the effects of COVID-19 are in force. Due to the fact that the regulations are characterized by considerable formalism, taking into account the interest of clients in the introduced reliefs, the TAAC Solutions team would […]

Tax Alert AMENDMENTS TO PERSONAL INCOME, TAX FROM JANUARY 1, 2020

Tax Alert AMENDMENTS TO PERSONAL INCOME, TAX FROM JANUARY 1, 2020

Personal Income Tax: 0% PIT for youngsters under 26 years old: Starting from 08/01/2019 youngsters under the age of 26 are exempt from PIT. This however, does not extend to payments made in lieu of remuneration such as sickleave benefits or maternity benefits. New tax rates: Starting from 10/1/2019 the lowest tax rate have been […]

Polish Swiss Innovation Day

Polish Swiss Innovation Day

We took a part in 2019 edition of Polish Swiss Innovation Day. This year the leading topic was Better Urban Life/Let’s talk about quality of Urban life/ Warsaw-Zurich, the two changing metropoles. As in previous years the Conference was very well prepared, what confirmed the number of participants from Poland and Switzerland representing business, municipality, […]

Legal and tax aspects of functioning of Special Economic Zones (SEZ) in Poland

Legal and tax aspects of functioning of Special Economic Zones (SEZ) in Poland

The following publication covers tax and legal aspects of the functioning of the Special Economic Zones in Poland. This publication has been prepared by TAAC Solutions for the Polish Investment and Trade Agency (PAIH). Agenda: 1. Permission for conducting business activity in the Special Economic Zone: A. submission of the application B. tender C. tender […]