January 31 is an important date for taxpayers; the last day to provide the tax authority with information on revenues from other sources and on income and collected advance payments for income tax in 2019.Continue Reading..
Tag: companies in Poland
02
Dec
Dec
You will not be able to issue invoices for receipts without the NIP tax number indicated. The change is to counteract VAT fraud.Continue Reading..
29
Oct
Oct
In the first half of 2019, over 35,000 were spent. work permit for offices of Asian countries. Up to 42 percent more than in the same period of the previous year – finish with the data of the Ministry of Family, Labor and Social Policy. In the first summaries of the year, the highest number of hits allowed by Nepalese (6.3 thousand), followed by Indians (4.3 thousand) and Bangladeshi (4.1 thousand).Continue Reading..
25
Sep
Sep
The Polish bank PKO BP warns of fraudsters pretending to be bank employees on the phone. Citing the PSD2 directive, they ask you to install additional software which they will send by email. In fact, it is for phishing.Continue Reading..
09
Sep
Sep
An entrepreneur running a company in Poland can settle expenses on unusual means of transport in tax costs.Continue Reading..
05
Sep
Sep
After registering the company with the Commercial Register and with the VAT authorities we can choose between twoΒ types of cryptocurrency licensesΒ which can be obtained by cryptocurrency companies in Estonia.
The first type is the cryptocurrency exchange service provider license. It allows the companies to provide exchange services to those who want toΒ trade cryptocurrenciesΒ against money or against other cryptocurrencies.
The second license – the cryptocurrency wallet service provider is suitable for companies which would like to offer e-wallets or virtual token wallets.
The entrepreneurs who would like to obtain such licenses need to wait for about 14-30 days after the application, for the response of the Financial Intelligence Unit in Estonia. Until the license is granted, the company is not allowed to start the activity. After receiving the license the company is obliged to start the activity within 6 months.
Some activities related to cryptocurrencies, for example popular digital token mining may be conducted without the license as long as the company does not trade them.
If you would like to start business in Estonia, please contact our specialized team. You will receive all the answers to your bothering questions and we will clarify all ambiguities regarding this topic.
23
Aug
Aug
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.
05
Aug
Aug
If we come to the conclusion that there is no point in continuing to do business, then liquidation proceedings should be carried out. The shareholders’ meeting takes place at the notary public, where the decision is made to dissolve the company and appoint its liquidator.
The liquidator of the company may be someone from the company’s former management board or any person indicated by the management board. It is safer to employ people with knowledge of the liquidation proceedings.
The conditions for bankruptcy law are already crucial in the liquidation process. It may turn out that after opening the liquidation process of the company, it turns out that we have at least two creditors and overdue receivables exceed three months, then we have 30 days to file for bankruptcy, despite the fact that the company is in liquidation. Finally, after 6 months from the date of announcement of the company’s liquidation in the Court and Economic Monitor, the meeting of shareholders may decide to remove the company from the National Court Register.
16
Jul
Jul
Bitcoin is a form of digital currency, created and stored electronically. Established in 2009, by its creator Mr. Satoshi Nakamoto. It was the first virtual payment method of this type in the world. Thanks to several important features, it is one of the largest financial innovations of recent years.
At the moment, due to the lack of bank intermediation in funds transfer, bitcoin is considered by many investors as a cheaper alternative, especially for larger amounts.
Two other important features of cryptocurrencies payment system are definetely security and anonymity. Information on transactions carried out using bitcoin is encrypted using a technology called “blockchain”. At the moment, its mode of operation and continuous verification seems to be virtually unbreakable. Creating an account in this cryptocurrency has no formal conditions and the accounts are anonymous. The only thing the user receives to the invoice is a 54-character login and password.
A huge advantages of this payment method are also the speed and ease in making the transfers online. In the process of transferring funds, the distance to the place where we send the money does not matter and the transaction is carried out without intermediaries. Bitcoin transfers have no restrictions in the form of weekdays or holidays, we can send funds 24 hours a day, 7 days a week. Transactions are approved almost every 10 minutes.
In comparison to traditional banks that have a centralized database system, information about the status of bitcoin accounts is simultaneously found in many places on earth in the same form. That makes it definetely more secure.
These factors as much as the fact that according to the assumptions, a limited amount of 21,000,000 bitcoins will be created by 2140 have largely influenced the popularity of bitcoin, which is reflected in its market value. At present, approximately 16,500,000 bitcoins have already been circulated, and the pace at which others will hit the market will slow down.
10
Jul 
Jul
Bitcoin is a form of digital currency, created and stored electronically. Established in 2009, by its creator Mr. Satoshi Nakamoto. It was the first virtual payment method of this type in the world. Unlike traditional, physical currencies like euros or dollars, Bitcoin is not printed – it has no physical form. Instead, bitcoin is created by computer scientists around the world, using programs that solve mathematical problems.
Bitcoin becomes very popular exchange medium that we can pay for more and more products and services. Day by day we can hear that more institutions, stores and other companies are starting to accept bitcoin. It is also a currency that has no physical form and can be sent immediately to anywhere on earth. This has a lot of advantages compared to e.g. international bank transfers, where money has to go through several banks along the way, and thus be saved on several subsequent virtual account books. Β
Banks are another significant difference between cryptocurrencies and physical cash. The central bank’s mission is to stabilize its own currency. It can increase the money supply, which we call ‘reprinting’ to cover government debts, thereby devaluing the currency. However, in the case of digital currency, there is no such thing as Bitcoin Bank that would also be its regulator. This is due to the fact that Bitcoin is a bank in its own right. The independent accounting book contains information about the ownership status of all users and the history of transactions between them. To open an account with cryptocurrency, just download the special application and generate a login and password. Each user’s account is completely anonymous and has no formal requirements.
Here the meaning of the term “crypto” is revealed to us, because the above-mentioned information is just encrypted inside bitcoin. The way encryption is done is a revolution in the field of information technology – it is called “Blockchain”.