Tag: Business in European Union

23
Aug

VAT changes are coming again.

On January 1, 2020, subsequent amendments to VAT will enter into force. This time they are caused by changes in European law. They concern the so-called intra-Community transactions.

The taxation system for these transactions, which has been in force since 1993, is temporary and is difficult to use for businesses at all times, prone to scams and fraud.

For now, the EU is proposing four ad hoc solutions:

– harmonization of provisions on the storage of goods (consignment warehouses),

– simplification of chain transactions, the intermediary arranging the transport will be able to decide which of the transactions is intra-Community,

– changes in the meaning of summary information provided to tax authorities, – simplification in the required documentation of intra-Community transactions.

– simplification in the required documentation of intra-Community transactions.

17
May

15 years of Poland in the European Union

For many people, membership of the European Union is almost normal. However, it cannot be denied that the changes that took place in 2004 had a major impact on all areas of economic and social life in our country in the following years. Membership benefits are undeniable. Just look at the balance of payments and withdrawals from the EU cash register. During these 15 years, Poland received net, i.e. after transfers from EU treaties over EUR 100 billion, i.e. at today’s EUR / PLN exchange rate over PLN 430 billion! To see how big this amount is, just look at this year’s Polish budget, which is PLN 387 billion.

It must also be admitted that Poland, looking generally at all these 15 years, used the EU funds in a satisfactory manner. Initially, there were considerable formal difficulties, even with completing the applications, but over time national institutions gained experience, as well as public awareness in the context of the existence of various forms of assistance from the EU increased, which allowed optimal use of funds. Funds from the cohesion fund were used primarily for infrastructure, including roads and motorways. For example, when we entered the EU, highways were only 500 km, while today it is already 1630 km. Farmers will not complain either. The billions of euros that went under direct payments allowed us to significantly modernize the Polish countryside, breeding and cultivating plants. Exports to the EU have also increased significantly. It increased almost five times.

Poles want to be in the EU, according to surveys, CBOS declares over 90%, and appreciate the benefits of being a member. It is mainly about the growth of the Polish economy and the growing quality of life. More and more Poles also appreciate the role of the European Parliament and thus declare a greater desire to participate in elections to this body.

18
Apr

The EP supported laws prohibiting the sale of double-quality products.

The European Parliament in Strasbourg on Wednesday supported laws prohibiting the sale of quality products. The new regulations were approved by the House with 474 votes in favor, 163 against and 14 abstentions.Continue Reading..

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.

02
Apr

The EU has extended the black list of tax havens.

The European Union has expanded the black list of tax havens that it created at the end of 2017. It has added 10 jurisdictions, including the United Arab Emirates, Oman as well as the British and Dutch overseas territories. Blacklisted countries may be covered by stricter controls of transactions with the EU.Continue Reading..

24
Mar

Things you must think about if you’re setting up a modern company in Poland.

If you are just starting or thinking about starting a company in Poland, you must ensure that your customers will find you. And it does not matter if you are a freelancer, run a Polish limited liability company by yourself or you have a company where you employ several people. Today, it is impossible to function without a professional presence on the Internet. Here are the things you simply need to remember.Continue Reading..

20
Mar

Registered address for a Polish company.

After introducing the lowest corporate income tax rate in Europe – 9% Poland became even moreΒ attractive country for doing business by foreigners. Some of them are interested in living in Poland and conducting their stationary business but the other group would like to go back to their countries and control the company at a distance.Continue Reading..

18
Mar

The latest results of the euro area’s foreign trade.

The Eurostat statistical office has reported the outcome of the euro area’s foreign trade. In January 2019, it amounted to EUR 1.5 billion. One month earlier, the level of EUR 17 billion has been reached.Continue Reading..

02
Mar

Foreign investors are still interested in locating large investments in Poland

Foreign companies bet on Poland. Subsequent investors are announcing that this year new projects will start with us. Motor vehicle investments and the new services sector dominate.Continue Reading..

10
Feb

Franchise – whose company is it?

Franchise is one of the best growing sectors of small business. We are more and more willing to open our own businesses under the name of a well-known brand.

Continue Reading..