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EU forecast for Poland: 3.5% economic growth
The European Commission has in its Autumn forecast, estimated that the economic growth in Poland has increased. While the Commission had estimated in the Spring that the economic growth would be 3.3%, its forecast has been adjusted to 3.5%. For the coming year, Brussels expects economic growth of 3.5%. Poland...
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Gross domestic product increase
According to the Central Statistical Office GUS the gross domestic product (GDP) rose by 3.3 percent in the second quarter. At the same rate grew the domestic demand, which was an essential factor in the growth of gross domestic product. Another positive impact was the overall consumption: + 1.9 per...
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Commercial mediation in Poland: new quality in business from 1 January 2016
Solutions provided in the Act on Supporting Alternative Dispute Resolution. As of 1 January 2016 an act came into force on support for alternative methods of dispute resolution, drawn up by the Ministry of Economy in cooperation with the Ministry of Justice.
amavat Services Poland website
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Unemployment rate, for the first time at single-digit level
In September 2015, the official unemployment rate, for the first time in 7 years, reached the single-digit level of 9.9%. But within this figure, regional differences can be seen. In Lower Silesia unemployment was 9%, the lowest in Poland since 1999.
Re-invoicing for the costs of utilities
In business, it is common practice for a firm to pass on the costs, it has incurred (on its own behalf) to another firm that makes use of a specific service in practice. This situation, commonly mentioned to as re-invoicing, can be applied in cases where the parties have another...
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The right to deduct VAT with a duplicate invoice
The moment at which the payment of duplicate invoices is made is determined by whether a business has received the original sales invoice and the invoice has been recorded in its accounts. Taxpayers still had doubts when they could deduct VAT from duplicate invoices. There are two possible solutions.
The responsibility to adjust tax-deductible costs associated with unpaid invoices are to cease
The Act amending the Tax Act of 5 August 2015 and some other acts repeals Article 15b CIT Act and Article 24d PIT Act with effect from 1 January 2016.
Any company which organises an event can offset the expenses for tax purposes
Any company which organises a company event can offset the expenses occurred under certain conditions for tax purposes. By contrast, an employee who participates in a business celebration or event should not receive any monetary benefit, which would then be taxable.
The issue of cancellation of invoices
The issuer of an invoice document, the bill which has not yet left the business, i.e. has not been received by the recipient of the invoice can be cancelled, providing that the transaction for which it was issued has not been effected.
