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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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Italy – VAT split payments extended
The European Commission has granted Italy approval to continue using anti VAT fraud split payments regime with state organisations, and to extend the measures to state-owned companies and stock market quoted companies. VAT split payments When an EU Member State believes, there is substantial evidence of VAT fraud, it may...
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American investment goes where it is welcome
United States is the biggest foreign direct investor serviced by Polish Investment and Trade Agency. What is the future of the Polish – American investment relations? Experts of the US Embassy, Amcham, Warsaw Enterprise Institute, as well as the Polish Investment and Trade Agency met on 11 April to answer...
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BREXIT – UK VAT and tax policies
The concerns around Brexit has been dominated by the potential negatives and uncertainties facing the UK economy as it arranges to leave the European Union. This has been compounded in recent weeks but the probability of a ‘hard’ Brexit, with UK companies facing restricted access to the EU’s Single Market,...
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Lessons from Poland, Insights for Poland
This is an Overview of the report titled ‘Lessons from Poland, Insights for Poland’, a comprehensive look into Poland’s sustainable and inclusive transition from middle-income to high-income status. Poland’s economic ascent is remarkable. After transitioning from communism, Poland’s per capita GDP growth was fast and stable – averaging about 4...
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VAT fiscal representative updated in France
France has recently updated the list of non-EU countries whose businesses are required to appoint a French fiscal representative if they are French VAT registered. One of the countries which has been added is Argentina – this means that Argentinian companies or sole traders etc. who are VAT registered in...
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Poland – the partner country for Hannover Messe 2017
Poland will be the partner country of Hannover Messe 2017. Almost 200 Polish companies will participe in this largest and most important industrial events in the world. The start-ups, eight regions and five special economic zones will be gathered in the heart of the Polish presentation, at the national stand....
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Non-compete clause in an employment relationship
In the opinion of experts the provisions of the Labour Code on a non-compete clause needs to be refreshed, as there are many ambiguous issues which are also not fully regulated by the jurisprudence. There are many disputable and debatable issues which are often interpreted differently by an employer and...
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How can a conflict be resolved in business without court?
When entering into an agreement or undertaking new business ventures one can never be sure that sooner or later there will be no disagreement or misunderstanding, which may result in a conflict between business partners. This may be related not so much to ill will of the parties, but changes...
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