Tax changes in Poland coming into force on the 1

1
Tax changes in Poland coming into force
on the 1 January 2013
Amendments to Poland’s tax law have been passed. The most significant of them
result from the Act of 16 November 2012 concerning the reduction of certain
administrative burdens. Implemented changes include both VAT and income taxes.
With regard to VAT, the taxpayers should
pay attention to:
 New rules concerning “bad debt relief”.
In cases when the liability is not settled within
150 days from the date of payment stated in
the agreement or invoice, the creditor will be
authorized to adjust the tax base and the
output VAT. Currently the provisions refer to
the period of 180 days. Simultaneously, it is
no longer required to notice the debtor about
the adjustment planned. Such amendment is
closely related to the obligation of the debtor
to adjust the input VAT. The adjustment
should be made for the period in which the
period of 150 days have expired. Lack of the
adjustment by the debtor may result in
imposing an additional tax liability in the
amount of 30% of the input tax resulting
from the unpaid invoices.
 The exchange rate applicable. The tax base
specified in foreign currency will be possible
to convert to PLN according to the exchange
rate published by the European Central Bank.
However the principle will remain unchanged.
Taxpayers will be still able to apply the
exchange rate announced by the Polish
National Bank.
 There is no more obligation to issue
internal invoices. However, the legislature
leaves the possibility of issuing such
documents with regard to i.e. intra community
acquisition of goods, free of charge supplies
or import of services.
With regard to the income taxes, changes
will include:
 The new rules concerning tax deductible
costs for the debtors who do not meet
their obligations. The taxpayer who treated
expenses as tax deductible and failed to meet
his obligations within 30 days from the date
of payment, is obliged to decrease its tax
deductible costs by the amount resulting from
the invoice or the bill being the basis for such
deduction. In cases where the payment period
is longer than 60 days, the adjustment will
have to be made upon expiry of 90 days from
the day when such costs were treated as tax
deductible.
Furthermore, in case the debtor settles his
liabilities after making the adjustment in tax
deductible costs, he will be allowed to
increase his tax deductible costs by the
amount of the adjustment previously made.
The taxpayer will increase the tax deductible
costs in the month when the liability is settled.
Audyt – Podatki – Outsourcing – Doradztwo
Member of Grant Thornton International Ltd
Grant Thornton Frąckowiak spółka z ograniczoną odpowiedzialnością sp. k. Podmiot uprawniony do badania sprawozdań finansowych nr 3654.
Komplementariusz: Grant Thornton Frąckowiak sp. z o.o. Zarząd komplementariusza: Cecylia Pol – Prezes Zarządu, Tomasz Wróblewski – Wiceprezes Zarządu.
Adres siedziby: 61-131 Poznań, ul. Abpa Antoniego Baraniaka 88 E. NIP: 778-14-76-013, REGON: 301591100. Rachunek bankowy: 18 1750 1019 0000 0000 0098 2229.
Sąd Rejonowy Poznań – Nowe Miasto i Wilda w Poznaniu, VIII Wydział Gospodarczy, nr KRS 0000369868.