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This is a page for the tag Employee Capital Plans
Taxation of withdrawals from the Employee Capital Plans (PPK)
On January 18th, 2024, the Supreme Administrative Court (SAC) issued a landmark ruling (case number II FSK 435/21) on the principles of taxation of withdrawals from Employee Capital Plans (PPK). Dispute over interpretation The dispute arose from an interpretation request submitted by an investment fund planning to enter into PPK...
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Tax residency – Foreign individuals arriving to Poland may become Polish tax residents
Foreign individuals arriving to Poland may become Polish tax residents if their centre of vital (economic or personal) interest moves to Poland, or if they spend in Poland more than 183 days in a tax year. Foreign individuals having their domicile in Poland (i.e. having status of Polish tax residents)...
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New as of July 1: Simple joint-stock company – New company form in Poland
In addition to the limited liability company (Sp. z o.o.) and the joint-stock company (S.A.), a third form of joint-stock company will be established in Poland as of July 1: the simple joint-stock company – “Prosta spółka akcyjna”. The official abbreviation in Part 1a of the Commercial Code is “PSA”....
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Employee Capital Plans (PPK)
Employee Capital Plans (PPK) are a new private system of long-term savings based on the co-operation between employees, employers and the state. PPK will apply to every person registered for mandatory pension insurance, i.e. all persons employed under employment contracts, civil law contributions, members of supervisory boards receiving remuneration –...
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Changes to the labour law in 2020
1. Minimum Wage Increase The minimum wage for 2020 is PLN 2,600.00 gross per month. This increase will impact on several employment-related benefits, such as the night work allowance, minimum base for the calculation of sick pay or the amount exempt from deductions. The minimum hourly rate for persons working...
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Employee’s Capital Plans – Additional Pension Schemes
From 2019, some companies will be required to create ‘Employee Capital Plans’ for their employees, as part of additional pension schemes. This obligation will be phased in, with companies with more than 250 employees affected. The minimum contribution paid by an employer and also the employee should be 3.5%. Employees...
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