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Important Data Protection Act 2018 amendment – are you aware?
Dear Ladies and Gentlemen, We kindly request you to familiarise yourself with a very important change in the data protection legislation in Poland. On 28th May, 2018 expires the deadline for implementation of the data protection environment in a given corporate organisation to the provisions of the Directive of the... Read More →
Instead of €15,000.00 now only 15,000.00 PLN
In order to restrict the shadow economy, the legislature has significantly reduced the legally permissible limit for the execution of business transactions with cash in this year. Until now cash transactions with an equivalent value of up to 15,000.00 EUR were possible, the limit is now only maximum 15,000.00 PLN... Read More →
New regulation to avoid taxes – Changes to the Tax Code
The draft amendment to the Tax Code on 30th December, 2015 prepared by the Ministry of Finance provides regulations to allow the tax authorities to challenge the effects of any actions carried out primarily in order to achieve a tax advantage.
New Regulations on Interest in 2016
From 1st January, 2016 we have important changes to the regulations on interest rates within commercial transactions and the signing of contracts. We would like to draw your attention to these new rules, especially the late payment interest, as this is now regulated separately.
List of changes in law which are significant for entrepreneurs from 1st January 2016
Act of 15th May 2015 – Restructuring Law The Act regulates the conclusion of an arrangement by an insolvent or threatened by insolvency debtor with creditors, the effects of the arrangement and of the restructuring actions.
In certain cases, it is possible to cancel an invoice
The issuer of an invoice document, the bill which has not yet left the business, i.e. has not been received by the recipient of the invoice can be cancelled, providing that the transaction for which it was issued has not been effected.
The new transfer pricing documentation requirements for transactions between affiliates
With reference to the rule changes regarding the drawing up of transfer pricing documentation, the responsibility to submit transfer pricing documentation to the tax authority when required, and to create a declaration or a simplified report, will only relate to entities that record revenue or costs of a identified level.
Legislators restrict the extension of fixed-term contracts
Due to an adjustment to the Labour Code, the Polish Parliament has restricted the period of the conclusion of fixed-term contracts to 33 months. By restricting the common practice, particularly among Polish employers, to employ the same workers over the years without justifying the reason for repeating fixed-term contracts (chain... Read More →
An entirely new law on VAT will come into effect on 1st January 2016
The lack of ability to obtain an advance ruling on individual tax rulings on sales VAT issues, meant for taxpayers they would be deprived of the only possible instrument to obtain a certain guarantee of the predictability of the controls in individual matters – claims Wojciech Pietrasiewicz, a tax adviser... Read More →
European Tower of Babel – one market, many languages
It clearly follows from the communication “A Digital Single Market Strategy for Europe”, which was issued by the European Commission in May 2015 that the creation of a digital single market is currently one of the Commission’s key priorities. This goal shall be achieved, among others, by even greater harmonisation... Read More →
