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getsix® attends the 8th Baltic Business Forum

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The Baltic Business Forum entered into its’ 8th edition near the fantastic seaside resort of Swinoujscie, adjacent to the sunny Baltic seaside close to Germany. As in the 7 years before, it hosted many guests from Business and Politics to discuss in-depth what is going on in Poland and Europe, with a special focus in 2016 on Turkey, being the guest of honour. (more…)

Posted in: getsix® Events

Revised: trade tax with 2 rates of taxation

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Initially, the national-conservative PiS Government wanted to introduce a special tax for trading already in March. Faced with massive criticism from retailers and the doubts expressed by the European Commission regarding to the first draft, the Permanent Committee of the Council of Ministers now accept the revised draft of law which is more moderate. This version should respond from the start to an objection by the European Commission. There is no doubt for the Polish Organization of Trade and Distribution (POHiD) which represents the interests of the large commercial chains, that the European Commission also this time will express their objections regard to the formulation of the trade tax. (more…)

Posted in: Tax Alerts Poland

Renewable Energies Act: Changes in the funding priorities

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At the beginning of June, the Sejm (the lower chamber of the Polish parliament) adopted amendments to the Renewable Energy Sources Act, introduced by the national-conservative PiS party. This law has been adopted from the previous Parliament last year, with the objective to replace the support system of the green certificates by an auction system. (more…)

Posted in: Economy and Politics

Changes in Polish taxation regulations in 2016

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New rules for making adjustments to costs as of 1st January, 2016.

Correction invoices will be processed on an ongoing basis without the need to do this retrospectively. The new regulations apply to adjustments on revenue and expenses arising which are a result of events that change the taxable base. For example, tax rebate, negotiating a price reduction or return of goods, as a result of an amicable settlement. (more…)

Posted in: Tax Alerts Poland

Customs should not be an independent authority

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After the medical care staff, now the customs officers started protest actions against the government. While the medical care staff are mainly concerned with better pay, the customs officers protesting against the planned integration of the customs administration into a united financial management and tax administration. (more…)

Posted in: Economy and Politics

The economic growth is still halted

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The industrial production in April with a growth of 6 percent was higher than the result in the corresponding month of the previous year. However, according to the data of the Central Statistical Office GUS, it dropped by 3.1 percent in a monthly comparison. A total of 24 of all 34 industry sectors achieved a growth in which the textile industry (22.1%) and furniture industry (18.4%) reached the highest. The source of growth was private consumption above all. The retail sales increased by 5.5 percent in the annual comparison. (more…)

Posted in: Economy and Politics

5th getsix® Golf Trophy – The final ‘Classification’ & the ‘Role of Honour’

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Dear Ladies and Gentlemen, and of course our golfing friends,

From all the partners of getsix® we would like to thank you for your participation in our getsix® 5th Golf Trophy, which this year attracted almost 100 advanced and beginner golf players, business partners and dear friends.

We feel you enjoyed this day with us, from your comments sent to us and talking with you on the day.

To remember the day fondly, or to allow you to view for the first time we have created Flickr ‘collections’ of the photographs taken on the day. Why not take a look at! (more…)

Posted in: getsix® Events

Poland 2016: Tax Changes – Corporate, Income & Sales Tax in Poland are subject to new tax changes

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Corporate / Income Tax

  • The regulation related to the obligations of the tax deductible expenses which are unpaid, shall be stopped
  • Depreciation tax shield in connection with the acquisition of new technologies has been removed (previously, an additional deduction of 50% related to the acquisition of new technologies was possible)
  • A new introduction is a tax incentive for ‘Research and Development’, which provides an additional deduction from taxable income (more…)

Posted in: Tax Alerts Poland

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