Carriers are getting into debt, the industry is starting to lose financial liquidity. The virus reduces revenues from public transport by up to 80 percent. Polish transport is sinking. The number of routes of Polish carriers dealing in international road transport of goods, controlling one quarter of the EU market before the epidemic, has halved due to the decrease in orders.Continue Reading..
Until January 23, 2020, the National Tax Administration blocked 648 bank accounts, on which it secured PLN 86 million. But this is not the only effect of the operation of the Polish Stir teleinformatic system.Continue Reading..
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..
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.
Odds of most popular cryptocurrencies resemble stairs from August 28. In half an hour on Wednesday evening bitcoin became cheaper by $ 600. The next two smaller stairs appeared in the next 12 hours.
Over the past 24 hours, the most important cryptocurrencies have seen a major discount. The bitcoin exchange rate fell by 9% during this time, and for one BTC on August 29 at 10 it was necessary to pay around 36.4 thousand PLN.
Similar trends can be observed for the other most popular cryptoactivities. Everywhere on the charts is clearly visible the quick sell-off, which took place around 8pm on Wednesday, 28 August. Ethereum got cheaper by more than 12 percent during the day, bitcoin cash by 10 percent, and litecoin by 12 percent. Slightly less lost XRP token used in the Ripple system – 8%.
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.
Bitcoin exchange (BTC) – the investor can set up an anonymous cryptocurrency account to buy and hold cryptocurrency through the BTC exchange. However, this carries two types of threat. Β First, when we make transactions on the cryptocurrency exchange, our funds are not on our account, but on the exchange account. Unfortunately, the short history of cryptocurrencies already knows spectacular examples of crypto exchanges that have been closed overnight, disappearing along with investor funds. There are also examples of cryptocurrency exchanges that have been robbed by hackers. Β Secondly, if we lose our login and password to the account or someone steals them from us, we will lose our cryptocurrencies irrevocably, without the possibility of applying for help. There is no place where we could ask to recover lost data or stolen bitcoins.
A different method of making profits from cryptocurrencies is data encryption. To start making money on cryptocurrencies, you can also buy specialized information encryption equipment and receive remuneration in the form of bitcoins for your contribution to the IT system. However, this requires specialized knowledge in the field of programming and selection of advanced computer equipment, which is not the cheapest.
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.
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.
Blockchain technology is used to store and send information about transactions concluded on the internet. These transactions are arranged in consecutive blocks of data. Each block contains information about a specific number of transactions.
After filling it with transaction information, another data block is created, followed by the next and next block. This creates a kind of chain (hence the name: blockchain is a block chain). A new block appears on average every 10 minutes. It may contain information about various transactions, e.g. commercial transactions, ownership status, shares, shares, electricity generation and the purchase or sale of currencies, including cryptocurrencies – electronic currencies.
The essence of blockchain is to maintain a joint and collective transaction accounting book, in digital form, scattered throughout the network, in the same copies. This book is a collection of all transactions carried out at the moment in blockchain. This technology is based on peer-to-peer networks without central computers, transaction management and verification systems. Any computer on the network can participate in transaction transmission and authentication. In the case of blockchain, these will be blocks within the transaction book. The book is open to everyone, but fully secured by complicated cryptographic tools against unauthorized access.
Thanks to this entry, transactions are public, available to everyone, but visible only under the user’s access rights. Their entire history, from the beginning of blockchain existence to today, can be reviewed and verified.
Currently, blockchain can be used to handle various transactions, but work is underway to use the block chain as an accounting book in banking, a document authentication system, a digital signature in state administration and a notary record. All these transactions can take place outside the system that has been functioning for centuries – without the participation of public trust institutions, directly between the parties to the transaction. You can store any type of transaction in blockchain data blocks. One of the applications is the cryptocurrencies mentioned for example Bitcoin.