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

A new approach to the taxation of seconded employees' income

A new approach to the taxation of income for seconded employees

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Date13 Sep 2024
For several months, we have observed a trend in the administrative courts’ approach to taxing the income of seconded employees. Until August 2023, the prevailing judicial interpretation was that employer-funded accommodation and travel expenses were considered taxable income for seconded employees, from which income tax advances had to be deducted....
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Poland surpasses China as a key market for German exports

Poland surpasses China as a key market for German exports

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Date11 Sep 2024
In the first half of 2024, Poland became the fourth-largest market for German products, outdistancing China, marking a significant success in the context of diversifying the German economy. German exports to Poland increased by 4.6%, reaching a value of €48.4 billion, while exports to China decreased by 2.7% to €48.2...
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The deadline for using outstanding leave is approaching

The deadline for using outstanding leave is approaching

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Date06 Sep 2024
We would like to remind you that a crucial deadline is approaching regarding the obligation to grant employees their outstanding leave. According to the Labour Code, employers are required to ensure that any outstanding leave is taken by September 30 of the following calendar year. What is outstanding leave? Outstanding...
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National Bank of Poland interest rates in September 2024

National Bank of Poland interest rates in September 2024

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Date05 Sep 2024
On September 3-4, 2024, 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 an...
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Reimbursement of lump sum to an employee and income tax

Reimbursement of lump sum to an employee and income tax

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Date29 Aug 2024
In a ruling dated July 10, 2024, under case number II FSK 1329/21, the Supreme Administrative Court in Poland (NSA) issued a significant decision regarding the interpretation of the Personal Income Tax (PIT) Act. The NSA determined that the tax exemption mentioned in Article 21(1)(23b) of the PIT Act is...
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Revival of the Polish Economy: GDP in Q2 2024

Revival of the Polish economy: GDP in Q2 2024

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Date22 Aug 2024
In the second quarter of 2024, the Polish economy experienced significant acceleration. According to preliminary data from the Central Statistical Office (GUS), Gross Domestic Product (GDP) grew by 3.2% compared to the same period last year, surpassing analysts’ forecasts of 2.7-2.8%. This is notable as growth in the first quarter...
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Expansion relief and its importance for e-commerce

Expansion relief and its importance for e-commerce

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Date14 Aug 2024
In recent months, expansion relief has become one of the most discussed topics, particularly in the context of e-commerce. It is a support measure introduced by governments to stimulate the growth of online businesses through tax benefits and financial incentives. In this article, we will take a closer look at...
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Last updated: 13.12.2021
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