On 1 January 2019, an amendment to the Tax Ordinance came into force. Taxpayers were imposed with a number of new obligations. First of all, a chapter on the submission of information on tax schemes was introduced.
On 1 January 2019, an amendment to the Tax Ordinance came into force. Taxpayers were imposed with a number of new obligations. First of all, a chapter on the submission of information on tax schemes was introduced.
Extensive regulation and a multitude of conditions determining whether a given arrangement is a tax scheme or not have caused many interpretation problems for entrepreneurs. To date, many of them are unaware that arrangements with another entity, as a result of which a transaction has taken place or is/was planned, meet the criteria of a tax scheme. For entrepreneurs, and above all for persons authorised to represent them (including members of the management board, owners, partners of certain companies), the above is of significant importance from the point of view of the obligation to provide information about the tax scheme to the Head of the National Tax Administration. Failure to comply with this obligation may expose them to, among other things, criminal and fiscal liability or financial penalties.
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