We would like to remind you that as of 12 October 2022, the so-called holding law is in force in Poland, which introduced i. a. the possibility to exclude the responsibility of the management board for decisions taken in the interest of the entire capital group and the possibility to repurchase minority stakes/shares of a subsidiary. These are important issues from the point of view of subsidiary boards in particular, as it introduces into the Polish legal order solutions which formalise the actual functioning of capital groups.
REX (Registered Exporter System) is a system where you can document the preferential origin of goods with dedicated statements of origin. It is worthwhile to do this in order to make statements of origin yourself.
From 1 January 2022, the amended Value Added Tax Act came into force, which introduced, among other things, shorter deadlines for VAT refunds. This is another improvement for taxpayers after the packages of changes known as SLIM VAT and SLIM VAT 2.
On 28 May 2022 Member States of the European Union were required to adopt and start applying legislation implementing Directive (EU) 2019/2161 of the European Parliament and of the Council of 27 November 2019 amending Council Directive 93/13/EEC and Directives 98/6/EC, 2005/29/EC and 2011/83/EU of the European Parliament and of the Council with regard to better enforcement and modernisation of EU consumer protection legislation (hereinafter: the Omnibus Directive), which introduced changes to consumer protection law. Althoughthe draft law implementing the Omnibus Directive is only being proceeded by the Polish Sejm, we already invite you to familiarise yourself with the main changes today.
Binding Origin Information, so called WIP, confirms the information on the origin of goods to entrepreneurs and supports uniform interpretation of the rules of origin. It is an administrative decision issued by the Director of Tax Administration Chamber in Warsaw at the request of the interested party.
The so-called EORI number, (Economic Operators Registration and Identification) is a business identification number used to contact the customs authorities within the European Union. It is needed if a trader wants to sell or buy goods from outside the EU. It must be obtained before the first planned customs operation. What does it consist of and, above all, how to obtain it?
Binding Tariff Information (WIT) is an official decision on the tariff classification of goods located within the European Union, which determines not only the correct tariff code, but also the amount of duty and any other customs charges. Obtaining a WIT decision provides taxpayers with a guarantee that the correct Combined Nomenclature (CN) or TARIC tariff code has been applied, that customs duties have been correctly declared or that the time required for customs clearance has been shortened, so it is worth obtaining it in order to protect yourself from the negative consequences of using the wrong tariff code and to facilitate the procedures for declaring goods. How to do it?
By December 2021, there was a lot of talk in the media about the imminent, passing and finally missed deadline for the Polish whistleblower protection law. In this post I will not analyse the next version of the Act, we did that together with Aleksandra Philips in the post “The final version of the whistleblower protection law getting closer?“. Instead of analising it, I will be happy to share my experience and thoughts from the implementation of the whistleblower protection system we carried out.
The new VAT rate matrix, which is a catalogue of goods and services that can benefit from a preferential VAT rate, has been in force for more than two years now. However, it happens that determining the correct VAT rate for a good or service is not easy. The legislator decided to make it easier for taxpayers to apply the VAT rate rules and provide them with adequate protection.
The white list is a search engine that has been successfully operating since 2019. Ignorance of the rules regarding its operation may result in sanctions, so it is worth learning how this register works.