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

VAT rises ruled out ahead of UK elections

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Date19 May 2017
The current Conservative government and the main opposition Labour party recently ruled out future rises in VAT ahead of June’s election. Since the 10%+ debit from the financial crisis, the UK has enjoyed a decreasing government deficit, but still faces a challenge to balance the books. Since the 2015 elections...
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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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Last updated: 13.12.2021
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