Doing Business in Poland Guide
Recently the British Polish Chamber of Commerce (BPCC) and the Institute of Export (IOE) presented the ‘Doing Business in Poland Guide’ at the Polish Embassy in London.
Business culture in Poland
This is an interesting article from Łukasz Lemke titled Business culture in Poland, after the recent launch of the Institute of Export (IOE) ‘Doing Business in Poland Guide’.
Reduction of the limit for the execution of business transactions with cash
In order to restrict the shadow economy, the legislature has significantly reduced the legally permissible limit for the execution of business transactions with cash in this year. Until now cash transactions with an equivalent value of up to 15,000.00 EUR were possible, the limit is now only maximum 15,000.00 PLN (about 3,500 EUR).
Retirement age in Poland
In this year an important regulation for the whole of Polish society came into effect. After the parliament, which was dominated by the PiS party in the past year, it has once again overturned the previously agreed pension reform, the official retirement age as of the 1st October 2017, will be 60 years of age...
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Higher social security contributions for self-employed people in Poland
Self-employed and entrepreneurs must pay considerably higher social security contributions in 2017. The increase is due to the projected average earnings in the economy this year. The amount of tax on the national budget is 4,263.00 PLN. That is 208.00 PLN more than last year.
Information requirements for the purchase of real estate by foreigners in Poland
The legislature has expanded the information requirements for the purchase of real estate by foreigners. Notaries are now obliged to submit to the Ministry of Interior, Warsaw. Also, notarised contracts for the sale of shares, shareholder shares or rights and obligations on the basis of which foreigners become owners or co-owners of commercial properties in...
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Deletion from the register after 6 months without any business activities
Companies which suspend or interrupt their business activities for a period of at least 6 months may be expected to be removed from the register of taxpayers subject to VAT.
The real estate tax in Poland 2017
The real estate tax rates for the year 2017 have remained virtually unchanged, compared to the tax provisions of 2016. The upper limit, at the discretion of the respective municipality or town, whether or not they are exhausted, are as follows for this year:
Easier for small farmers to self-market their products
On the 1st January, 2017, Poland’s President Andrzej Duda introduced legislation to make it easier for small farmers to self-market their products.
Vehicle tax changes 2017
This year, vehicle owners will have to pay less for motor vehicle tax for commercial vehicles. The decline is particularly noticeable in heavy commercial vehicles.
