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

The Whistleblower Protection Act - new responsibilities for employers

The Whistleblower Protection Act – new responsibilities for employers

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Date26 Jun 2024
On June 24, 2024, the Whistleblower Protection Act was published in the Journal of Laws, aligning Polish legislation with Directive (EU) 2019/1937 of the European Parliament and Council dated October 23rd, 2019, concerning the protection of individuals reporting breaches of EU law. Legislative background Directive (EU) 2019/1937 The European Parliament...
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Draft law on Cryptocurrencies: Supervision, penalties and many changes

Draft law on Cryptocurrencies: Supervision, penalties and many changes

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Date25 Jun 2024
The Ministry of Finance’s Cryptocurrency law will, among other things, prohibit the offer of all virtual assets without a permit. The supervision of the market will be carried out by the Polish Financial Supervision Authority (KNF), which will have the power to impose severe penalties on companies or individuals that...
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Amendment to the Accounting Act signed by the President

Amendment to the Accounting Act signed by the President

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Date24 Jun 2024
On April 16, 2024, the President signed an amendment to the Accounting Act, which requires large companies to break down information on income tax paid and other data by country. The amendment aims to align Polish regulations with the EU Directive 2021/2101 of the European Parliament and the Council of...
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WHT relief for holding companies

WHT relief for holding companies: How and when can they be applied?

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Date20 Jun 2024
Preferential rules for taxing dividends and other income of holding companies in Poland and in the European Union are intended to support holding activities and avoid double taxation. In practice however, it is becoming increasingly difficult to benefit from WHT relief for holding companies in Poland. Why and when can...
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Current VAT rates in Poland in 2024

Current VAT rates in Poland in 2024

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Date19 Jun 2024
The year 2024 brings several significant changes to the value added tax (VAT) system in Poland, which can significantly affect entrepreneurs. Understanding the current rates and their application across various industries is crucial not only for compliance but also for optimizing business costs. This article discusses both the applicable VAT...
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Register company in Poland: advantages and opportunities

Register company in Poland: advantages and opportunities

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Date12 Jun 2024
Have you ever thought about setting up a company in Poland? Perhaps now is the right time to take a closer look. In recent years, Poland has become a real magnet for entrepreneurs. With its central location in Europe, Poland offers not only a stable economy but also numerous opportunities...
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ViDA Package New tax solutions for the digital economy

ViDA Package: New tax solutions for the digital economy

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Date07 Jun 2024
To address the challenges of the rapidly developing digital economy, the European Union has proposed the “VAT in the Digital Age” (ViDA) package. The goal of these changes is to modernize VAT collection methods, making them effective for both traditional and digital business models. During the May meeting of the...
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National Bank of Poland interest rates in June 2024

National Bank of Poland interest rates in June 2024

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Date06 Jun 2024
On June 4-5, 2024, the Monetary Policy Council held a meeting during which it decided to keep the interest rates unchanged. Current National Bank of Poland interest rates: reference rate at 5.75% on an annual basis lombard rate at 6.25% on an annual basis deposit rate at 5.25% on an...
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Last updated: 13.12.2021
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