Planned changes to Polish business taxation for 2019
Be aware of possible legislative changes, getsix® have prepared for you a list of proposed changes in Polish business taxation for 2019. The Polish Ministry of Finance has announced key changes to be proposed under 2019 tax reform. These proposed regulations create on one hand preferences for some business areas,... Read More →
The most significant changes to Polish CIT for 2018
Capital income and its separation from other income of the taxpayer From the 1st January, 2018 within the ‘Corporate Income Tax Act’, taxpayers will be obliged to detach the operating income from the capital income. Subsequently, loss from one source will not decrease income from the other source. The provision... Read More →
Important Data Protection Act 2018
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 →
Invoice processing and cash-flow management
getsix® realises that invoice processing and cash-flow management are the lifeblood of any business. But at the same time, it has been generally recognised that manual, paper-based invoice processing has intrinsic problems that can affect your business in critical ways, undermining the efficiency and hampering the flow of information. Outsourced... Read More →
What is e-Invoicing?
Electronic invoicing (e-Invoicing) is the exchange of the invoice document between a supplier and a buyer, in an integrated electronic format. Traditionally, invoicing, like any heavily paper-based process, is manually intensive and is prone to human error, resulting in increased costs and processing lifecycles for companies. e-Invoicing is a common... Read More →
Reduction of the limit for the execution of business transactions with cash
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 →
Information requirements for the purchase of real estate by foreigners in Poland
The legislature has expanded the information requirements for the purchase of real estate by foreigners. Notaries are now obliged to submit to the Ministry of Interior, Warsaw. Also, notarised contracts for the sale of shares, shareholder shares or rights and obligations on the basis of which foreigners become owners or... Read More →
Deletion from the register after 6 months without any business activities
Companies which suspend or interrupt their business activities for a period of at least 6 months may be expected to be removed from the register of taxpayers subject to VAT.
The real estate tax in Poland 2017
The real estate tax rates for the year 2017 have remained virtually unchanged, compared to the tax provisions of 2016. The upper limit, at the discretion of the respective municipality or town, whether or not they are exhausted, are as follows for this year:
Easier for small farmers to self-market their products
On the 1st January, 2017, Poland’s President Andrzej Duda introduced legislation to make it easier for small farmers to self-market their products.
