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.
Related entries
Can ‘Frankowicze’ obtain a suspension of instalment payments?
During the Covid-19 epidemic in Europe, the Swiss franc exchange rate rose significantly. For people who took out a loan denominated or indexed in Swiss francs, this means an increase in the outstanding loan principal.
4 min.
17 July 2020
What documents are required when filing for consumer bankruptcy?
Declaring consumer bankruptcy is one of the most common forms of legal debt relief in situations of permanent insolvency of a natural person. This procedure has been designed for debtors who do not run a business and are unable to settle their liabilities on time.
6 min.
10 April 2025
Who can declare consumer bankruptcy?
Consumer bankruptcy is a special court procedure that involves debt relief for individuals who are no longer able to manage their repayments.
2 min.
03 September 2021
How to get out of debt without declaring personal bankruptcy?
Debt is a problem that can happen to anyone – both due to unexpected financial difficulties and less well-considered decisions.
6 min.
27 October 2024
State aid for rescuing insolvent or potentially insolvent companies
This article will discuss one of the short-term types of public aid resulting from the Act of 16 July 2020 on granting public aid for the rescue or restructuring of entrepreneurs (Journal of Laws of 2020, item 1298), [hereinafter referred to as the Act], i.e. rescue aid.
8 min.
22 October 2022
Consumer bankruptcy – what exactly is it? What is worth knowing?
Financial problems can happen to anyone and are often the result of unfortunate random events such as job loss or serious illness. In such situations, feelings of overwhelm become commonplace, and getting out of debt may seem unattainable. One of the solutions offered by the Polish legal system is consumer bankruptcy.
6 min.
11 October 2024
Membership in the International Bar Association (IBA)
We are pleased to announce that Jagoda Wojciechowska, President of the Management Board, has been appointed Insolvency Administrator of the Insolvency Section of the International Bar Association (IBA), the largest international association of lawyers.
1 min.
20 April 2021
