The tax reliability index is an assessment of the tax entity by which the entrepreneur is registered for income tax. This assessment reflects how the taxable person fulfils its obligations under the Tax Code or other special regulations such as the Accounting Act, the Income Tax Act, the Value Added Tax Act, etc.
The tax reliability index is especially of an incentive nature and is not intended to serve as a basis for obtaining contracts or entering into public conditions of procurement.
The tax reliability index shall be received by the tax entity no later than by the end of the month which follows the end of the two year period in which the tax entity was registered for income tax. In particular, the notification shall indicate the benefits for which the taxable person was qualified and what was assessed in that classification.
The benefits to which a highly reliable taxpayer will be entitled are:
For taxable persons who, on the basis of the index, will be considered unreliable, the tax administrator shall set a time limit of 8 days for the fulfilment of the specified obligation in relation to the performance of a tax audit, assessment procedure or the conduct of a local investigation.
The aim of the 'malus' is to motivate unreliable taxable persons to enter into a group of reliable taxable persons through their proper fulfilment of their legal obligations, thus gaining preferential access by the tax administrator.
Super deduction of R&D costs is decreased from the original amount of 200 % to 100 %. The reduction will be applied for the first time in tax period, starting no earlier than 1 January 2022.
Other changes to tax laws that entered into force on 15.11.2021 were mentioned in the previous article.