Health insurance contribution in 2022
Starting 1st of January 2022 new regulations were introduced in Poland changing how health insurance contribution is calculated. Persons subject to health insurance contribution employees employed on employment contracts ( including the civil law contracts and contract for specific work); civil law contractors; entrepreneurs; persons co-working with entrepreneur; partners of limited partnerships (limited partners and […]
“The interest of investors and lawyers in ready-made companies – that’s our market barometer. So far so good.”
The ability to get a transaction up and running quickly – that’s the value we offer,” say Jakub Plewka and Andrzej Davis, principals at ACS, an accounting & corporate services boutique that has been working on M&A transactions for more than a dozen years. We talk about their assessment of the current market situation, whether […]
Key dates from the accounting, tax and payroll compliance stand point
ACCOUNTING Preparation of the annual financial statements for 2021 Financial Statement should be submitted by March 31st 2022, (Article 45 of the Accounting Regulations from September 29, 1994 (Journal of Laws of 2021, item 2106)).* It includes the balance sheet, profit and loss statement and additional information, as well as a statement of changes in […]
Christmas Eve with us!
On the occasion of the upcoming Christmas ACS wishes you a healthy, joyful Christmas and all the best in the new year 2022. Last week we met to celebrate the day we all look forward to all year long. We could stop for a moment, spend time together and talk about our plans, both professional […]
Christmas gifts for employees – accounting and tax implications
Starting from January 1, 2021, gifts for employees up to the amount of PLN 20 net value (unit purchase price of goods / unit cost of production) are not subject to VAT and you do not need to keep records for such transactions. If the employer wants to pay a gift above PLN 20 and […]
Controls of Employee Pension Plans (PPK)
Starting this November, the Social Security Administration in Poland (ZUS) will commence with the process of verification of the PPK registrations at the companies. Companies that have not complied with the obligation to sign a management contract with provider of PPK – will start to successively receive requests from ZUS to clarify and conclude management […]
Slim VAT Package
Slim VAT Package – changes to Correcting Invoices (in minus) On January 1, 2021, the “Slim VAT Package” entered into force, containing solutions that simplify running a business, including simplification of invoice corrections. The most important changes regarding the new rules for recognizing correction invoices (in minus) issued from 2021 do not require formal […]
Interview with Mikolaj Plucinski for Forbes magazine
BREXIT IMPACT – Changes & Obligations for British firm operating in Poland regarding VAT settlements
Due to the approaching BREXIT deadline, there are changes to the obligations of settling VAT tax on goods and services for entrepreneurs registered for VAT purposes. A British entrepreneur is required to appoint a Fiscal Representative if: • Is a taxpayer referred to in Art. 15 of the VAT Act. • Has no […]
Planned changes to withholding tax from 2021.
The Ministry of Finance announces changes regarding the reform of the withholding tax (WHT) regulations for 2021. Key assumptions of the planned reform: 1. From the definition of the term “beneficial owner”, the words “legally or in fact” are deleted. 2. Passive payments exceeding the threshold of PLN 2 million per year per one taxpayer […]
