The inflow and outflow of foreign currency
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 rate announced by the NBP...
Please Read More
Receipt of an advance payment confirmed with an invoice
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 regard to the amount received....
Please Read More
Obligation to pay in VAT when performing continuous services
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
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 discovered in the price, rate,...
Please Read More
Limiting the potential for tax avoidance
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 has at least 25% of...
Please Read More
Improving position of developers in GUS reports
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 almost a quarter and the...
Please Read More
Enterprises in specific sectors willing to create new jobs
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 surveyed enterprises planning redundancies: Mining...
Please Read More
getsix® Mobile Extranet Landing Page
getsix® realises the importance to constantly enhance our services or information to our clients, via our website or on marketing materials. This is why we have created a ‘new’ Mobile Extranet Landing Page to complement our existing Fact Sheet. With a new and fresh look, easy to use visuals, we feel it is worth taking...
Please Read More
getsix® Mobile Reporting Landing Page
getsix® realises the importance to constantly enhance our services or information to our clients, via our website or on marketing materials. This is why we have created a ‘new’ Mobile Reporting Landing Page to complement our existing Fact Sheet. With a new and fresh look, easy to use visuals, we feel it is worth taking...
Please Read More
getsix® Poznań has received a certificate from North Atlantic Treaty Organisation (NATO)
We are pleased to inform you that on 19th May 2014, our Poznań office received the NATO Commercial and Government Entity Code, authorising this office to provide business services associated to the North Atlantic Treaty Organisation (NATO) military. This certificate in this field is a significant approval, to allow us demonstration to our existing and...
Please Read More
