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

More than 35,000 micro-businesses drawn into Brexit EU VAT net

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Date17 May 2017
It is estimated that 35,755 UK micro-business selling over the internet into Europe face being drawn into the EU VAT net for the first time following Brexit. Cost could reach €216,000pa to meet this new requirement. EU VAT exemption will benefit UK e-Commerce businesses As part of the UK’s membership...
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Global economic activity is picking up

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Date10 May 2017
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

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Date09 May 2017
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

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Date28 Apr 2017
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

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Date27 Apr 2017
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

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Date26 Apr 2017
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

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Date25 Apr 2017
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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Last updated: 13.12.2021
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