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Taxes 2023: VAT sanctions under new rules

Provisions mitigating the existing rules on sanctions in VAT were introduced to the VAT Act. The changes providing mainly for the abolition of automaticity in imposing penalties are directly related to the judgment of the Court of Justice of the European Union. The...

PIT: Bad debt relief in income tax for natural persons

Bad debt relief in PIT (Article 26i of the PIT Act) is a reduction of the tax base by the value of unpaid debts or increasing this base by the value of paid liabilities. In these cases, it is about remuneration for the delivery of goods or the performance of a service...