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

Best company for a family business

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Date07 Aug 2014
Many undertakings conducting activity in our country, are family undertakings. Such a business may also be conducted in a company. The law does not provide for any special limitations or requirements for companies comprised of family members. They may choose between a civil-law partnership and commercial companies (partnerships/companies). Partnerships include:...
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Obligations of the employer during summer months

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Date07 Aug 2014
The scope of obligations of the employer as regards occupational health and safety is subject to a ‘seasonal’ increase during the Winter and the Summer months. Climatic conditions connected with those two seasons obligate the employer to undertake additional activities, protecting employees from the negative impact of Winter or Summer...
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Work abandonment – Legal aspects

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Date07 Aug 2014
Abandonment does not terminate the contract – legal aspects The perspective of starting new employment, often on more favourable conditions than the previous ones, at times encourages employees to immediately leave the current employer. Sometimes an argument that urges them to abandon work is the requirement to start employment at...
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The inflow and outflow of foreign currency

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Date07 Aug 2014
In order to determine exchange differences on a foreign currency account, the inflow and outflow of foreign currency needs to be valued. As a rule, for the purposes of this valuation, the actually applied exchange rate is used, and if it is not possible to use that rate, the average...
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Receipt of an advance payment confirmed with an invoice

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Date07 Aug 2014
The receipt, before goods are supplied or a service is fully performed, of the whole or part of the payment (among others – a payment on account, an advance payment, a deposit or an installment), generally results in the obligation to pay arising on the moment of its receipt with...
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Obligation to pay in VAT when performing continuous services

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Date07 Aug 2014
In general, continuous services are considered as performed on the lapse of the period to which payments or clearings will apply. The notice of ‘continuous services’ is not defined in VAT regulations. In practice, however, it is assumed that they are services performed constantly, for a longer period of time.

Settlement of corrective VAT invoices

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Date06 Aug 2014
A corrective invoice must be, as a rule, be issued by the taxpayer in cases where, after the invoice had been issued, a discount or a rebate was granted, goods were returned, the payment was refunded in whole or in part, the price was increased or if a mistake was...
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Limiting the potential for tax avoidance

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Date04 Aug 2014
On the 26th June parliament voted for an amendment to the regulation of taxation for foreign subsidiaries of Polish natural and legal people, which serves the purpose of limiting the potential for tax avoidance. These foreign subsidiaries must pay 19% income tax to the Polish Treasury, if the mother enterprise...
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Improving position of developers in GUS reports

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Date01 Aug 2014
Since the beginning of this year developers have been presenting an improving position within the reports from GUS Central Statistical Office in Poland. Even though the number of commissioned apartments has dropped by 3% in the first five months of the year, the number of instigated construction investments increased by...
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Enterprises in specific sectors willing to create new jobs

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Date01 Aug 2014
Manpower, a HR agency has published percentages of enterprises in specific sectors willing to create new jobs in the near future. Those included: Industrial 17%, Transport, Logistics and Communication 15%, Retail and Wholesale Trade 11%, Agriculture, Forestry and Fisheries 4%, Finance, Insurance, Real Estate and Public Sector 3%. They also...
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Last updated: 13.12.2021

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