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Employee’s Capital Plans – Additional Pension Schemes
From 2019, some companies will be required to create ‘Employee Capital Plans’ for their employees, as part of additional pension schemes. This obligation will be phased in, with companies with more than 250 employees affected. The minimum contribution paid by an employer and also the employee should be 3.5%. Employees...
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New Minimum Wage Rates 2018
With effect from 1st January, 2018 the minimum wage rates in Poland have been reorganised. Compared to the previous year, the minimum earnings have increased by 100 zlotys gross. A new minimum hourly rate will also apply in the new year. The amendment in the area of the ‘Minimum Wage...
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Retirement age in Poland
In this year an important regulation for the whole of Polish society came into effect. After the parliament, which was dominated by the PiS party in the past year, it has once again overturned the previously agreed pension reform, the official retirement age as of the 1st October 2017, will...
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Higher social security contributions for self-employed people in Poland
Self-employed and entrepreneurs must pay considerably higher social security contributions in 2017. The increase is due to the projected average earnings in the economy this year. The amount of tax on the national budget is 4,263.00 PLN. That is 208.00 PLN more than last year.
Statutory minimum wage
The statutory minimum wage was increased for the year 2017 from 1,850.00 PLN to 2,000.00 PLN (around 465 EUR). The minimum wage regulation applies to full-time employees.
The PiS government to introduce a new minimum hourly wage scheme
As announced in the election manifesto the PiS government introduced a draft law, which should be introduced from 1st July, 2016, the introduction of a statutory minimum hourly wage. The minimum hourly performed wage amounts to 12 Polish zloty (around 3 euros).
New HR and Payroll regulations for the year 2016
New HR and Payroll regulations for the year 2016 1. For this coming year, 2016, the minimum wage has been increased to 1,850 PLN (approx. 450 EURO) for a full-time job. 2. The rules for temporary contracts and the related notice periods, are changed as follows. As of 22nd February,...
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Any company which organises an event can offset the expenses for tax purposes
Any company which organises a company event can offset the expenses occurred under certain conditions for tax purposes. By contrast, an employee who participates in a business celebration or event should not receive any monetary benefit, which would then be taxable.
Working time regulation, if a public holiday happens to be a day off
If a public holiday happens to be a day off, mostly this will have the result, that in the case of a five-day week employees have the right to another day off. This is due to the method used in the Working Time Regulations to calculate the working time. According...
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Increased contributions for self-employed and business owners
Social security payments for self-employed and business owners will be increased by 5.9% next year. This is because the average earnings will rise to PLN 3,966.00 in 2015, according to the draft budget provided by the government. Unlike employees, for which social security contributions depends on the amount of their...
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