The first phase of financial sanctions must be huge, otherwise, it is hard to expect Russia to withdraw, stressed Jarosław Kaczyński. According to the PiS chairman, the sanctions should also apply to Vladimir P Read more
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Polish Government Adopting an Amendment to the Act on Mortgage Bonds and Banks
The Polish government adopted a draft amendment to the act about mortgage bonds and mortgage banks. The draft was submitted by the Ministry of Finance. The draft amendment on covered bonds and mortgage banks adopted Read more
New Polish Deal Obligations to Come Into Force
From 1 January 2022, a new Polish deal will change the rules of collecting withholding tax (WHT). Some changes particularly affect the rules of collecting WHT in case the payments of proceeds are made through entities that maintain securities accounts.
New rules enforce a pay-and-refund instrument for passive income (interest, dividends) earned by related parties that exceed PLN 2m in a tax year.
The Importance of the New Polish Deal:
According to the CIT Act, the entity that holds the Read moreApartment Rents Increase this Year Depending on the Length of the Contract
Tenants of flats based on a several-year contract must expect a 5.1% increase in the apartment rent price this year. Tenants who have concluded lease agreements for one year may find themselves in a worse situation.
According to Marek Wielgo, an expert in GetHome.pl portal, During the term of a several-year lease agreement, the owner of the apartment may adjust the apartment rent to the inflation rate every year. The annual averag Read more
Simplifying Procedures for Foreigners Eager to Live and Work in Poland
Polish legislation provides for a sort of circumstances in which performing work in Poland is possible without holding a work permit. Some exemptions are dependent on the nature of work performed, some – on the foreigner’s residence status.
A simplified procedure involves cases where either the work permit is not necessary at all or the issuance of such a permit or a common residence and work in Poland is possible without the opinion of the district starost (job market test).
The Recent Read more
Significant Tax Benefits in Poland
Everyone wants tax benefits although the procedures for submitting an annual tax return are becoming more straightforward each year, not everyone is aware of the tax deductions provided. We provide some instances of the tax benefits:
What is Important in Tax Benefits:
Pro-family allowance - the most popular of the funding, is the one granted to a child up to th Read moreRead more