Poland – Economy & Trade
Poland amongst the EU leaders with GDP growth of 4.4% Central Statistical Office of Poland (GUS) and Eurostat have published data on GDP, in the second quarter the Polish economy has grown significantly faster than the average of EU Member-States. Poland’s economy topped analysts’ expectations and in the second quarter...
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Business news from Poland
When developing the Polish FinTech sector foreign expansion is necessary Poland is the largest FinTech centre in Central East Europe (CEE). According to Deloitte Poland, the value to the Polish economy is around EUR 860million within this sector. The latest report from Deloitte shows that 72% of start-ups in Poland...
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VAT split payments being considered by Poland from 2018
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Date25 May 2017
/Voluntary VAT split payments system is being considered by Poland, introducing from 2018. This measure, which will include customers paying VAT into a unique, locked bank account, is intended to reduce VAT fraud. This drafted scheme comprises of a split payment procedure, whereby the VAT amount of a sale is...
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’Doing Business in Poland’ – A Guide to Success
We can understand why you are considering a business proposition in Poland; it has a great strategic position as a doorway to Central and Eastern Europe, and the unrelenting increase of its GDP make for a great opportunity for an ambitious entrepreneur. What Should I Consider? Each and every business...
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Reduced VAT on e-Books backed by EU committee
An important EU Parliamentary committee has voted to back the European Commission (EC) suggestions to decrease VAT on electronic books to the same rates as their paper equivalent. The full EU Parliament will now vote on, after the Economic and monetary Affairs Committee backed the measure. Within the EU VAT...
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VAT rises ruled out ahead of UK elections
The current Conservative government and the main opposition Labour party recently ruled out future rises in VAT ahead of June’s election. Since the 10%+ debit from the financial crisis, the UK has enjoyed a decreasing government deficit, but still faces a challenge to balance the books. Since the 2015 elections...
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More than 35,000 micro-businesses drawn into Brexit EU VAT net
It is estimated that 35,755 UK micro-business selling over the internet into Europe face being drawn into the EU VAT net for the first time following Brexit. Cost could reach €216,000pa to meet this new requirement. EU VAT exemption will benefit UK e-Commerce businesses As part of the UK’s membership...
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Gdańsk was chosen as one of the most ‘to be seen city’ in the European Best Destination 2017 rank
Gdańsk was chosen as one of the most ‘to be seen city’ in the European Best Destination 2017 rank. This is Gdansk’s first participation in this European competition and it has reached the top 3 of your best European destinations, next to Porto and Milan. This is the first such...
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Global economic activity is picking up
Global economic activity is picking up. World growth is expected to rise from 3.1% in 2016 to 3.5% in 2017 and 3.6% in 2018 – reports International Monetary Fund in its World Economic Outlook. However, structural impediments to a stronger recovery and a balance of risks that remains tilted to...
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OECD – International VAT/GST Guidelines
Recently the OECD VAT/GST Guidelines established further validation at the 4th OECD Global Forum on VAT. These guidelines make available a wide-ranging structure of standards and principles for countries around the world, to monitor the development of comprehensible and reliable indirect tax rules. Additionally, they also want to provide for...
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