Industrial production in Poland continues to grow. CIS reported growth of 29.8 percent in May compared to the same month of the previous year. Compared to the previous month of April (44.5 percent increase), it was slightly lower at 0.8 percent. As in April, the high growth in May was...
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Here is your getsix® 2020 Tax Brochure! This brochure really has two objectives – it can be a guide for your existing business in Poland giving you an excellent overview to possibly help with decisions or queries, and of course, which is no surprise, you might be considering a business...
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The German-Polish Chamber of Industry and Commerce (AHK Poland) has for the first time published a German-language ‘Economic Profile Poland’, which provides answers from A to Z. Over 36 pages it is very descriptive and provides the most important numbers, facts and background information regarding the Polish market. The ‘Economic...
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Poland Tries to Lure Private Equity The Polish government is trying to stimulate private investment in the countries small to medium companies (SME’s) by putting up 2.8 billion złoty (approx. $737 million) of public money. The Polish Development Fund along with private-equity and venture-capital firms plans to invest 2.2 billion...
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A brief summary of the most important information for any business or individuals who plan to invest in Poland. Corporate Income Tax (CIT) CIT is levied at a rate of 19% (standard rate) or 15% (reduced rate for small taxpayers and new companies in the first year of business activity)....
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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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The introduction of ‘Split Payments’ will be delayed announced the Polish Ministry of Finance until 1st July, 2018. This anti-VAT fraud measure has already been delayed once since the original launch plan of 1st January, 2018. ‘Split Payments’ is a measure requiring B2B customers to pay the VAT element of...
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It was recently announced that FTSE Russell has upgraded Poland from ‘Emerging Market’ to ‘Developed Market’ status. This acknowledgement represents the progress made by the Polish economy and capital markets, and that the country has joined the 25 most developed economies of the world. The decision will be effective in...
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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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4 cities in Poland are the best performing within the Top 20 in Europe: Gdansk, WROCŁAW, POZNAŃ and Krakow! Best-Performing Cities/Regions 1 Inner London-East, UK 2 Stockholm, Sweden 3 Budapest, Hungary 4 Pomorskie, POLAND (includes Gdańsk) 5 Nord-Vest, Romania 6 Dolnoslaskie, POLAND (includes Wrocław) 7 Berkshire, Buckinghamshire, and Oxfordshire, UK...
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