Revenue and expense ledger in Poland – obligations, benefits and common mistakes
The revenue and expense ledger (Polish: KPiR) is the primary accounting record-keeping tool for sole proprietorships and partnerships. It allows income and business expenses to be recorded in a manner that enables accurate calculation of income tax. In practice, it serves as the daily operational hub of a company’s finances. A properly maintained ledger is... Read More →
Hiring remote employees from Poland by foreign companies – when does a permanent establishment arise?
Hiring employees based in Poland to work remotely is a common practice among foreign companies, especially in sectors such as IT, finance or consulting. However, this form of cooperation may lead to significant tax implications in Poland – including the risk of triggering a permanent establishment. In practice, this means potential obligations related to corporate... Read More →
Poland’s economic growth gathers momentum – Q1 2025 analysis
The Polish economy enters 2025 with noticeable momentum. Data published by Statistics Poland (GUS) for the first quarter of the year indicate a steady recovery in economic activity after a period of uncertainty and cautious investment behavior. The recorded economic growth confirms that the Polish economy is returning to a path of sustainable development. GDP... Read More →
Car depreciation limits in Poland from 2026 – changes and implications for entrepreneurs
From 2026, the use of passenger cars in business in Poland will become less tax-efficient. New depreciation limits and rules for recognising costs – directly linked to CO₂ emissions – will significantly change how Polish companies can include vehicles in their tax-deductible expenses. Starting from 1 January 2026, new depreciation thresholds and cost recognition rules... Read More →
Pay transparency from December 2025 – new obligations for employers in Poland
On 23 June 2025, an Act amending the Polish Labour Code was published in the Journal of Laws. It introduces the EU Pay Transparency Directive to a limited extent. The new provisions will come into force on 24 December 2025, which means that employers in Poland have limited time to adapt their recruitment processes and... Read More →
Company accounting policy in Poland – what is it, how to prepare it, and why is it important?
An accounting policy is not just a formal requirement. It is the foundation on which a company’s entire financial reporting is built. A well-defined and consistently applied accounting policy enhances transparency, supports compliance with regulations, and builds trust among investors, business partners, and financial institutions. What is an accounting policy? Definition and basic principles An... Read More →
Act on the conditions for entrusting work to foreigners in Poland – questions and answers
I. Documentation The Act provides for full digitalisation of the procedure for issuing work permits to foreigners via the praca.gov.pl system. This means that all applications, explanations, appeals, complaints, documents, letters, and digital reproductions of documents must be signed with a qualified electronic signature, trusted signature or personal signature – as stipulated in Article 44(3)... Read More →
VAT exemption and customs obligations – the CJEU on re-imported goods
In the European Union VAT system, VAT exemptions play an important role – they relieve businesses in certain situations, particularly in cross-border transactions. One such case is the re-importation of goods previously legally exported from the EU. However, does every formal error during re-importation deprive a business of the right to VAT exemption? The Court... Read More →
National Bank of Poland interest rates in July 2025
On July 1-2, 2025, the Monetary Policy Council held a meeting during which it decided to decrease the National Bank of Poland (NBP) interest rates by 0.25 percentage points. Current National Bank of Poland interest rates: reference rate at 5.00% on an annual basis; lombard rate at 5.50% on an annual basis; deposit rate at... Read More →
Poland’s foreign trade – Germany remains the main export and import partner
According to the latest data from Statistics Poland (GUS), Poland’s foreign trade still relies heavily on cooperation with Germany, which remains the country’s leading partner in both exports and imports. Between January and April 2025, goods exchange between the two countries remained at a very high level, despite minor changes in the dynamics of exports... Read More →
