National e-Invoice System – Test form from October
At the beginning of September, the Polish Parliament received a draft amendment to the VAT Act (Paper no. 1547 [PL]) concerning the introduction of the National System of e-Invoices (KSeF) as of 1 January 2022. However, according to information published by the Ministry of Finance, the system will be available in a test form from...
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Settlement of a contract of mandate or contract for specific work in the net income method
How can I document in the net income method (Polish short form used hereafter “PKPiR”) the costs incurred for the settlement of a contract of mandate or contract for specific work and payment of remuneration to the contractor or subcontractor? Is an electronic receipt sufficient or do we need additional documents? Accounting regulations in Poland...
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Foreign trade turnover of goods in total and by countries in January-July 2021
In January-July 2021, exports in Poland increased by 26.0% and imports by 27.8% compared to the same period in 2020. According to the Polish CSO, “foreign trade goods turnover amounted to PLN 726.9 billion in exports and PLN 712.7 billion in imports in current prices. The positive balance was at the level of PLN 14.2...
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Can employee meals be a tax deductible costs?
Providing employees with free meals has been one of the most popular employee benefits in recent years. Most often companies offer their employees breakfast, lunch or fruits, but other meals are also popular in the offers of entrepreneurs. Can the purchase of food products for employees and contractors be a tax deductible expense for employers?...
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Average salary growth within 24 months
In August, the average gross salary in Poland calculated by the Central Statistical Office was 5840 PLN (about 1300 euro). However, this data is based only on information from companies with more than 10 employees. It is also only an average value and not – as it usually happens in other countries – the median...
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When can a general partner deduct limited partnership tax (CIT) from PIT?
From 1 January 2021 Polish limited partnerships are obliged to settle CIT. For owners of such companies it means double settlement of income tax: first they will pay CIT of the company, and then PIT on settling their own income. Despite the fact that for general partners the legislator provided an appropriate tax relief –...
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Restrictions on foreigners entering Poland
The government has decided to extend the restrictions on foreigners entering Poland. Originally the restrictions were to be in force until the end of the summer vacations, but the latest amendment to the Regulation extended them by another month – until September 30, 2021. Below we remind you of the current rules. I. Schengen Area...
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New version of getsix® Extranet – additional functionalities
We are happy to inform you that we have implemented a new version of our client portal getsix® Extranet. The new architecture is based on the integration with Microsoft Sharepoint and Microsoft Teams. It will allow for even more efficient information exchange and enable you to use additional functionalities. The getsix® Extranet is a free...
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Tax on gifts for employees offered during special occasions
Giving small gifts to employees on special occasions is now a standard practice in many companies. Employers more and more often give gifts to their employees on the occasion of their birthday, name day, wedding or birth of a child. Should such a gift be included in the employee’s income and should an appropriate advance...
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Simple public limited company (PSA) from 1 July 2021. – Advantages and disadvantages, how to set up.
Basic features of a simple public limited company As of 1st of July 2021, instead of 1st of March 2021 as initially planned, amendments to the Code of Commercial Companies came into force, which resulted in the expansion of the existing catalog of capital companies and the appearance in legal circulation of another type of...
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