Polish Council of Ministers Approves Amendment to Simplify Certain Tax Obligations

According to a release from Poland's Ministry of Finance, the Council of Ministers has approved a draft law amending the Personal Income Tax Act and the Corporate Income Tax Act to simplify (facilitate) certain tax obligations. The changes include the following:

• Businesses will no longer lose the right to deduct expenses if they pay a contractor using an account outside the VAT whitelist or bypass the split payment mechanism (the "whitelist" is a list of bank accounts of businesses register…