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

From 1st of January 2022 new requirements in the TAX FREE procedure

From 01.2022, new TAX FREE regulations

Date25 Nov 2021

Numerous amendments to the VAT Act passed in July did not omit the TAX FREE system. The amended regulations will come into force as soon as January 1, 2022. Therefore, entrepreneurs who have not yet adjusted to the new regulations have little time left to implement the necessary changes in...

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Tax payment by a third party - is it acceptable?

Tax payment by a third party – is it allowed?

Date18 Nov 2021

Does a taxpayer have to pay his taxes personally? Can the payment of funds to the tax office account be made by a third party? Despite the unambiguous verdict of the Polish Supreme Administrative Court (NSA), these issues are still controversial. According to the current regulations, each taxpayer is personally...

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Thin capitalization – regulations are still unclear

Date26 Oct 2021

How to correctly settle the costs of debt financing? Unfortunately, there is still no clear answer to this question. The current regulations in this regard are unclear and the interpretations of administrative bodies – contradictory. In 2018, Article 15c was introduced in the CIT Act to limit excessive debt financing....

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EU funds for 2021-2027

Date15 Oct 2021

EUR 76 bln from EU funds for Poland in 2021-2027 In the years 2021-2027, Poland will receive EUR 76 bln from the European Union budget – EUR 72.2 bln from cohesion policy and EUR 3.8 bln from the Equitable Transition Fund. These funds will be used for investments in the...

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e-Delivery to come into force on October 5, 2021

Date06 Oct 2021

Originally, the Electronic Delivery Act (e-Delivery) was scheduled to come into force on July 1, 2021, but due to organizational difficulties resulting from COVID-19 pandemic constraints, it was decided to change this date. The law, as amended, goes into effect on October 5, 2021. However, this date does not create...

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National e-Invoice System - Tests starting in October

National e-Invoice System – Test form from October

Date29 Sep 2021

At the beginning of September, the Polish Parliament received a draft amendment to the VAT Act (Paper no. 1547 [PL]) concerning the introduction of the National System of e-Invoices (KSeF) as of 1 January 2022. However, according to information published by the Ministry of Finance, the system will be available...

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Settlement of a contract of mandate or contract for specific work in the net income method

Date24 Sep 2021

How can I document in the net income method (Polish short form used hereafter “PKPiR”) the costs incurred for the settlement of a contract of mandate or contract for specific work and payment of remuneration to the contractor or subcontractor? Is an electronic receipt sufficient or do we need additional...

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Total foreign trade goods turnover and by country in January-July 2021

Foreign trade turnover of goods in total and by countries in January-July 2021

Date24 Sep 2021

In January-July 2021, exports in Poland increased by 26.0% and imports by 27.8% compared to the same period in 2020. According to the Polish CSO, “foreign trade goods turnover amounted to PLN 726.9 billion in exports and PLN 712.7 billion in imports in current prices. The positive balance was at...

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Can employee meals be a tax deductible costs?

Date20 Sep 2021

Providing employees with free meals has been one of the most popular employee benefits in recent years. Most often companies offer their employees breakfast, lunch or fruits, but other meals are also popular in the offers of entrepreneurs. Can the purchase of food products for employees and contractors be a...

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Double-digit salary growth within 24 months

Average salary growth within 24 months

Date15 Sep 2021

In August, the average gross salary in Poland calculated by the Central Statistical Office was 5840 PLN (about 1300 euro). However, this data is based only on information from companies with more than 10 employees. It is also only an average value and not – as it usually happens in...

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

From 01.2022, new TAX FREE regulations

Tax payment by a third party – is it allowed?

Thin capitalization – regulations are still unclear

EU funds for 2021-2027

e-Delivery to come into force on October 5, 2021

National e-Invoice System – Test form from October

Settlement of a contract of mandate or contract for specific work in the net income method

Foreign trade turnover of goods in total and by countries in January-July 2021

Can employee meals be a tax deductible costs?

Average salary growth within 24 months

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