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..
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..
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..
An entrepreneur running a company in Poland can settle expenses on unusual means of transport in tax costs.Continue Reading..
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.
BrΓΆkelmann Polska is launching a new project in Opole. According to the investor’s information, the new facility employs 270 people.Continue Reading..
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.
The Ministry of Enterprise and Technology plans to introduce another deregulatory package, which, among other things, is to strengthen the competitive position of Polish ports by extending the VAT settlement date in imports, as well as admit the right to error during the first year of operation for smaller entrepreneurs – said Minister of Entrepreneurship Jadwiga Emilewicz.Continue Reading..
The head of the unit and the person entrusted with the bookkeeping are responsible for the preparation of the annual financial statements. The head of the unit shall ensure that the report is prepared and submitted to the competent authorities within three months from the balance sheet date. If the unit is managed by a multi-person body, the financial report is signed by all members of this body and the person entrusted with keeping the account books.Continue Reading..
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..
Foreign companies are betting on Poland. Many big investors have announced that this year it will launch new projects in Polish cities. Motor vehicle investments and the new services sector dominate.Continue Reading..