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

Polish GDP in 2025 compared to the global economy – World Bank Report

Polish GDP in 2025 compared to the global economy – World Bank Report

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Date19 Feb 2025
Forecasts in the World Bank’s Global Economic Prospects report indicate that the Polish economy is expected to grow by 3.4% in 2025. Although this growth rate has been revised downward compared to previous forecasts (3.7%), Poland remains one of the fastest-growing economies in Europe, well ahead of the eurozone, where...
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Polish Investment Zone (PIZ) – 2024 summary in numbers

Polish Investment Zone (PIZ) – 2024 summary in numbers

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Date14 Feb 2025
The Polish Investment Zone (PIZ, in Polish: PSI) is one of the key instruments supporting entrepreneurs in Poland, based on a system of tax reliefs. In practice, it allows companies to achieve significant savings in return for making new investments. However, numbers best illustrate how effectively this mechanism functions. Let’s...
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National Bank of Poland interest rates in February 2025

National Bank of Poland interest rates in February 2025

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Date12 Feb 2025
On February 4-5, 2025, 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...
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Reimbursement of taxi travel costs and income tax – a problematic issue for companies and employees in Poland – judgment of the Supreme Administrative Court of Poland (NSA)

Reimbursement of taxi travel costs and income tax – a problematic issue for companies and employees in Poland – judgment of the Supreme Administrative Court of Poland (NSA)

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Date05 Feb 2025
Many businesses reimburse their employees for taxi travel expenses to optimize operational efficiency and ensure the effective performance of professional duties. However, according to a judgement of the Supreme Administrative Court of Poland (in Polish: Naczelny Sąd Administracyjny, NSA) of November 19, 2024 (case no. II FSK 230/22), such reimbursement...
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What is full accounting in Poland, and who does it apply to?

What is full accounting in Poland, and who does it apply to?

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Date04 Feb 2025
Is your company ready for full accounting in Poland? Or have you just reached a threshold that obliges you to change your record-keeping system? Full accounting is a subject that can raise concerns, but at the same time it is the key to more transparent management of a company’s finances...
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Last updated: 13.12.2021
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