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Automatic exchange of tax information with other countries
Poland has become the first country in the region of the G5 to join an automatic exchange of tax information with other countries” – openly said the Polish Finance Minister Jacek Rostowski during the meeting with his European counterparts, which took place in Brussels in the second half of May...
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Paid maternity leave extended to one year
The Polish government has concluded an extension of the maternity leave to one year. Mothers and Fathers of children, who have been born starting from this year or who will be born, can make use of one year paid holidays, provided that both parents are working. In the first six...
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Poland will introduce regulations on tax evasion
The Polish state intends to prevent in the future, that companies with registered headquarter in Poland are going to transfer their profits towards special purpose vehicles incorporated in countries, where lower tax rates apply than those in place in Poland. The ministry of finance has for that purpose already prepared...
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Man hour in Poland costs EUR 7,20
According to the latest statistic of the European statistic agency Eurostat Poland remains with respect to cost of labor at the lower level of the states of the European Union. At the end of 2012 one man hour costs employers in Poland EUR 7,20. Only Bulgaria and Romania plus the...
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The National Bank of Poland reduced the base rate by 0,25% points to 3%
The monetary council of the National Bank of Poland reduced the base rate by 0,25% points to 3%. Such a low level hitherto never happened. Economists and Analysts showed their big surprise on this base rate decision, insofar as the President of the National Bank of Poland, Mr. Marek Belka,...
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Exchange rate (EUR/PLN) from 8 May 2013
Exchange table of National Bank USD: 3,14 Zloty EUR: 4,13 Zloty CHF: 3,36 Zloty (Information from: 8 May 2013) Government securities / Rate of return 2-Year: 2,75 % 5-Year: 2,55 % 10-Year: 3,52 % (Information from: 8 May 2013) Interest on credits Business loans: 8,57 % Consumer loans: 16,53 %...
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From Nov. 2013 changes in natural gas excise tax
The Ministry of Finance is currently working on a new draft law which involves changes in the calculation of excise duty on natural gas starting fall 2013. Natural gas excise tax is an integral part of EU law. While joining EU, Poland, in order to carry out necessary adjustments of...
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Exchange rate (EUR/PLN) from 9 April 2013
Exchange table of National Bank USD: 3,17 Zloty EUR: 4,13 Zloty CHF: 3,39 Zloty (Information from: 9 April 2013) Government securities / Rate of return 2-Year: 2,97 % 5-Year: 3,14 % 10-Year: 3,63 % (Information from: 9 April 2013) Interest on credits Business loans: 8,57 % Consumer loans: 16,52 %...
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Flat rates for regulated by law reimbursement of travel expenses updated
For the first time in over a decade now, the flat rates, for regulated by law reimbursement of travel expenses, particularly accommodation and daily spending allowance, are going to be raised. The full flat rate of daily spending allowance for domestic business trips starting 1st March amounts to 30 PLN;...
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Monetary Policy Council reduces the interest rates
In the past the Monetary Policy Council of the National Bank always stuck to its more conservative approach to interest rate policy. However, it seems that the Monetary Policy Council became more responsive to current economic turbulences and for the shortest fourth consecutive time (since November) reduces the interest rates....
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