This is a page for the tag 2024
National Bank of Poland interest rates in October 2024
On October 1-2, 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... Read More →
Amendment of the Copyright Act with the President’s Signature
On August 14, President Andrzej Duda signed a major amendment to the Copyright and Related Rights Act, which marks the most substantial changes in this area in 30 years. These changes adapt the Polish legal framework to the current challenges of the media, arts, and culture market and implement EU... Read More →
AI Act: A new legal framework for Artificial Intelligence in Europe
The introduction of the EU AI Act (Artificial Intelligence Act) marks a milestone in the regulation of the development and use of artificial intelligence (AI) in Europe. The Act entered into force on 1 August 2024 and aims to establish a legal framework that supports innovation while ensuring the safety... Read More →
What are HR and payroll services in Poland, and why should you consider them?
Have you ever wondered what exactly is meant by HR and payroll services in Poland? For many entrepreneurs, it is a key element of effective business management and yet an area that can raise many questions. In this article, we explain what HR and payroll services are, what the main... Read More →
Rules for VAT refund from Germany
A VAT refund from Germany is an essential aspect for entrepreneurs making purchases in this country. This process is regulated by the Council Directive 2008/9/EC of 12 February 2008, which lays down the detailed rules for the refund of value-added tax (VAT) within the European Union. Who can apply for... Read More →
The impact of flooding in Poland on the rights and responsibilities of employees and employers
Below is a brief summary of legal provisions that apply or may apply in the event of flooding: Absence from work due to flooding The general rule is that if circumstances arise that prevent an employee from coming to work (and flooding is such a circumstance), the employee is required... Read More →
A new approach to the taxation of income for seconded employees
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.... Read More →
Poland surpasses China as a key market for German exports
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... Read More →
The deadline for using outstanding leave is approaching
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... Read More →
National Bank of Poland interest rates in September 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... Read More →
