Tag: Polish tax system

07
Aug

The entrepreneur will be able to include more expenses in the costs of the Polish company.

The tax office gives a hand to small entrepreneurs, thanks to which they will pay a lower tax. Officials agree to deduct such expenses that were previously the subject of disputes like fees for learning a foreign language, additional studies or bills related to running a business in their own apartment.

Polish entrepreneurs must improve their qualifications, even the fluency in English language is necessary, without this it is difficult for any success in business. There are more and more foreign clients in every business branch and to be competetive the entrepreneurs need to expand their knowledge and skills to be able to guarantee them the best quality of service.

25
May

Central Invoice Register – a new tool for controlling entrepreneurs

On 1.12.2010, the European Commission issued a document called the “Green Paper” on the future of VAT. It set out recommendations that were necessary for simpler and more efficient settlement of value added tax. In addition, one of the tools aimed at minimizing tax fraud was to be a system monitoring all invoices in combination with settlements made by entrepreneurs for VAT. The Central Invoice Register will be such a tool in Poland. It is a tool that allows checking the correctness of issuing invoices, analyzing and detecting carousels and eliminating, among others, the so-called empty invoices, i.e. documenting fictitious transactions. In addition, CRF is to streamline and accelerate tax audits.

10
Apr

The businessman will deduct only 20% of car expenses

Only one-fifth of expenses on cars not recorded in the fixed assets register can be at the company’s expense. It does not matter if the vehicle is owned or co-owned by the taxpayer. The rules for accounting for expenses on company cars have changed since January 1 this year. According to the director of the National Treasury Information, you cannot deduct the car expenses belonging to the entrepreneur if it is not part of the company’s assets. However, if the car is used in connection with the business carried out in accordance with art. 23 par. 1 point 46 of the PIT Act, its operating costs and insurance premiums are only 20% tax deductible.

10
Mar

The Polish government wants to tax Netflix, Spotify and other streaming services…

If the new PiS project comes into force, the state budget can affect up to one billion zlotys a year. By applying taxes to digital service providers, including Netflix, HBO and even Facebook the government wants to gain funds in this way to implement the recently announced election promises.Continue Reading..

14
Feb

Corrective note to the invoice in a Polish company.

Entrepreneurs are forced to frequently issue invoices, but also receive them from others as a proof of sales. The latter type can also be included in the costs incurred by the entrepreneur. However, in order for this to happen, the invoice must contain correct data. If the invoice contains errors, it is necessary to issue a correcting note by the buyer.

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06
May

Unregistered business activity in Poland.

Good news for those who earn in the unregistered activity. The Ministry of Finance confirms that it will reduce to the minimum the paperwork – for us and the contractors with whom we cooperate.

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02
Nov

Over 21 thousand taxpayers arrived in Krakow.

21 thousand 85 new taxpayers and 47.4 million more in the budget – these are the effects of the “Pay taxes in Krakow” campaign for 2016. According to the chairman of Kraków City Council, this result is the effect of the growing awareness of the residents and the attractiveness of Krakow as a place to live.

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02
Jan

2017 – changes in Polish taxes.

Year 2017 brings multiple changes in Polish tax regulations that entrepreneurs should be aware of, including:

LOWER INCOME TAX (CIT)

A new rate of 15% (instead of the previous 19%) was introduced for smaller companies. This rate is available for new businesses and companies that had income (including sales tax) not exceeding 1 200 000 euro (5 157 000 PLN in 2017) in the previous year. Capital groups are not allowed to use this rate.

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