Accounting, HR, Payroll, Tax & Legal news from Poland

Binding rate information applications only by electronic means

Binding rate information applications only by electronic means

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Date27 Feb 2024
As of the beginning of 2024, the Polish tax system has undergone a significant change in the process of submitting applications for binding rate information (WIS). The new regulation requires that these applications are submitted exclusively electronically, eliminating traditional paper-based forms. Binding rate information is a key element in the...
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Changes to the deduction for the Company Social Benefits Fund

Changes to the deduction for the Company Social Benefits Fund

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Date22 Feb 2024
The 2024 budget law does not introduce any specific provisions regarding the calculation of the basic deduction for the Company Social Benefits Fund (CSBF). Therefore, general rules will apply, i.e. the amount of the deduction will depend on the average monthly salary, with the term “average salary” referring to the...
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Taxation of withdrawals from the Employee Capital Plans (PPK)

Taxation of withdrawals from the Employee Capital Plans (PPK)

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Date15 Feb 2024
On January 18th, 2024, the Supreme Administrative Court (SAC) issued a landmark ruling (case number II FSK 435/21) on the principles of taxation of withdrawals from Employee Capital Plans (PPK). Dispute over interpretation The dispute arose from an interpretation request submitted by an investment fund planning to enter into PPK...
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National Bank of Poland interest rates in February 2024

National Bank of Poland interest rates in February 2024

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Date09 Feb 2024
During the meeting on February 6th – 7th the Monetary Policy Council decided to keep the interest rates unchanged. The decision is in line with the economists’ and the market’s expectations. Current NBP (National Bank of Poland) interest rates: reference rate at 5.75% on an annual basis Lombard rate at...
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“Your e-PIT” service also for entrepreneurs

“Your e-PIT” service also for entrepreneurs

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Date07 Feb 2024
The “Your e-PIT” service is one of the most popular e-services in public administration. Last year, taxpayers submitted as many as 11.9 million tax declarations using this service. As of February 15, 2024, entrepreneurs will also be able to settle their business activities through the “Your e-PIT” service. This is...
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Million-Euro investment by foreign companies in the port of Szczecin

Million-Euro investment by foreign companies in the port of Szczecin

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Date05 Feb 2024
The Management Board of the Maritime Ports of Szczecin and Świnoujście SA and the Spanish company Windar Renovables have signed a lease agreement for port areas in Szczecin. The agreement was signed several months after concluding the preliminary agreement in October last year. Under the lease agreement for port areas...
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New draft law on protection of Whistleblowers

New draft law on protection of Whistleblowers

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Date02 Feb 2024
On 11 January 2024, a new draft law appeared on the website of the Governmental Legislation Centre, incorporating changes introduced by the new Ministry of Family, Labour and Social Policy. Legislative work on the draft law on Whistleblowers started at government level back in 2021. The draft law aims to...
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New Central Statistical Office (GUS) data on foreign trade

New Central Statistical Office (GUS) data on foreign trade

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Date23 Jan 2024
New data on exports and imports for the period from January to November 2023 have been published on the website of the Polish Central Statistical Office. From January to September 2023, merchandise turnover in foreign trade reached PLN 1,204.2 billion in exports and PLN 1,160.5 billion in imports in current...
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Last updated: 13.12.2021
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