Registration of ultimate beneficial owner
New regulations concerning registration of ultimate beneficial owners (UBO) have been recently implemented in Poland. A new law covers the following entities: partnerships (Polish sp.j), limited partnership, partnership limited by shares and limited liability company. These regulations are based on an EU directive which had to be implemented to the Polish legal system. The legal […]
Court ruling supported tax payers
Warsaw Regional Court has announced that fiscal authorities cannot punish the tax payers for the correction of the tax declaration and providing additional interpretations of the facts. This decision refers to the case of tax advisor who made a correction on the client’s initial tax filing PIT 38. According to the tax office representative this […]
Lease agreement changes has been investigated by treasury department in Poland
New rules concerning cost of getting income, which has been applied on January 2019, has affected companies which lease the vehicles. All of agreements, which were signed before January 2019, are working on the old rules. However whose of them which were modified in terms of instalments have to adapt new rules. This position of […]
Poland one of the top FDI’s market in Europe
According to EY report, Poland is among 6 countries with the biggest growth in FDI. The attractiveness of the Polish FDI has surged by 38% in 2018. The main reasons of the Polish market popularity are Brexit and stable economic growth in Poland. Poland has gained a high position in the rating of the European Cities […]
Doubt about VAT treatment of labor real estate
Polish treasury department has state that apartments for employees are exempted from paying VAT however this institution had declared, in the previous statement, that this category of real estate is covered by 2 % of tax. Both tenant and land lord are reciprocally obliged to pay this tax, however tenant can deduct this tax from […]
Changes in the conditions of applying for income tax exemption for the implementation of a new investment
New rules will be valid from 5th September 2019. According to new rules, income tax exemption will be accessible for all the enterprises across Poland. It will vanish the rules of the special economic zones. However the present regulations on the special economic zones will be still valid. New rules will mainly affect the […]
PIT reduction to 17 %
PIT rate has been reduced to 17% by Polish government Polish government has changed the rate of Personal Income Tax from 18 % to 17 %. The new regulations will come into force on 1th of October 2019. It is assumed that around 25 million of Poles will gain as a result of new regulations. […]
“White list” of VAT tax payers
The new VAT tax payers register will be launched 1st of September 2019. It will contain basic information about the account of VAT taxpayers including banking account and other details like NIP or REGON number (the number in the central economic activity list) or (KRS) National Register Number. For those companies which will be making […]
VAT reclaim
In May 2019, Court of Justice of the European Union proclaimed that fleet cards are only a payment solution what means that VAT cannot be reclaim. This judgment has been annoying for leasing companies which reduced the cost on reclaiming VAT on expenses. The companies which use fleet cards have to check what are the […]
Limited Lability Company
Polish Lower Chamber of the Parliament (Sejm) voted on Friday to launch a new “simplified joint-stock company”. The new entities will include the easiness of entry on Market (Limited Lability Company) and the advantages of joint-stock company. Simplified joint-stock company is designed to strengthen Polish based start-ups in theirs activity on the Polish market. The […]
