TAX & LAW TELEGRAM

Let our experience be your guide 

TAX & LAW TELEGRAM

Let our experience be your guide 

TAX & LAW TELEGRAM

Let our experience be your guide 

TAX & LAW TELEGRAM

Let our experience be your guide 

TAX & LAW TELEGRAM

Let our experience be your guide 

TAX & LAW TELEGRAM

Let our experience be your guide 

TAX & LAW TELEGRAM

Let our experience be your guide 

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Can the CEO’s remuneration be treated as tax deductible expense?

The Director of the National Tax Information (KIS), in an individual interpretation issued on 26 June 2021, confirmed the position of a taxpayer regarding the possibility to treat as tax deductible expense the expenses incurred for remuneration of CEO of a company and, at the same time, its shareholder, under a contract for work concluded with him.

Tax authorities may not initiate penal fiscal proceedings for appearance’s sake

Tax authorities are not entitled to make apparent use of the regulation which allows for suspension of the limitation period or for its non-initiation in the case of commencement of penal fiscal proceedings (art. 70 § 6 item 1 of the Tax Ordinance Act). Additionally, a taxpayer must be notified of this fact and the suspicion of a crime or offence must result from his failure to fulfil a tax liability. Unfortunately, in practice, there is a frequent abuse of the law by the tax authorities, consisting in the initiation of penal fiscal proceedings in the case of a tax offence only for the appearance’s sake, to extend the time for completion of tax proceedings.

Limited partnerships have no choice – from 1 May 2021 they are CIT taxpayers

On the grounds of the amendment of the Corporate Income Tax Act on 30 November 2020, limited partnerships have been subject to CIT. The form of conducting business according to the rules, when the limited partner was usually a natural person with a significantly limited scope of personal liability and the general partner was a limited liability company (sp. z o. o. sp. k.), whose liability was limited to the amount of equity, has been forgotten.

Swiss Medical Device Industry – loss of barrier-free access to the European Union internal market

On 26 May 2021, as a result of the lack of compromise on some crucial points of the draft agreement, the Swiss authorities decided not to sign the institutional agreement with the European Union. Thus, the negotiations between the European Union and Switzerland ended in failure and the institutional agreement aimed at secured Switzerland’s barrier-free access to the EU internal market and enabling its expansion was not signed.

INTRASTAT – who is obliged to submit declarations

INTRASTAT is a statistical system that allows the collection of data on the movement of goods between the countries of the European Union. Intra-Community acquisition of goods, intra-Community supply of goods and mail order within the territory of the country are subject to declaration. However, domestic transactions are not subject to the declaration requirement. Check who is obliged to make a declaration and when.

Changes to the double taxation agreement between Poland and the Netherlands

On 29 October, Polish Vice-Minister of Finance @Jan Sarnowski and Dutch Ambassador Daphne Bergsma signed the Protocol amending the Convention on the avoidance of double taxation with regard to taxes on income.

The changes take into account Poland’s tax policy and the solutions provided for in the OECD BEPS (Base Erosion and Profit Shifting) project in terms of sealing the international tax system and combating tax fraud.

+49 30 88 03 59 0
berlin@vonzanthier.com
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