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Poland’s Inflation to Reach 4.9 % This Year: Central Bank Prognosis

Posted on by PZC Office
Poland's Inflation will increase to 4.9 percent but GDP will rise to 5.3 percent, according to the National Bank of Poland's (NBP) November forecast. According to the flash estimate, CPI in September rose to 5.8% YoY from 5.5% in August (consensus at 5.5-5.6 % YoY, ING 5.6% YoY). The strong price pressure in Poland is due to the continued high pace of fuel prices (28.6% YoY) and further increases in food prices (to 4.4% from 3.9% in August). Energy prices were 7.2% up and should accelerate furt Read more

Current Polish Consumer Confidence Index Down in October

Posted on by PZC Office
According to the state-run statistics agency, its Current Consumer Confidence Index, which describes current trends in personal consumption, went down by 4.8 points in October while remaining in the negative territory of -17.8 points amid the coronavirus pandemic. Polish consumers surveyed this month were less optimistic about their spending power and financial prospects than a Read more

It will Become Easier for Foreigners to be Legalized in Poland: the Law has been Adopted

Posted on by PZC Office
On October 19, the Polish Council of Ministers adopted a bill amending the Foreigners Act. The Minister of Internal Affairs and Administration wants to simplify the process of the stay of foreigners legalized in Poland. The regulations will come into force 14 days after they are published in Dziennik Ustaw. Consequently, foreigners coming to Poland for business reasons will no longer be required to apply beforehand for a special recommendation of the Read more

A structure in a Complex Fixed Asset to be Taxed According to its Market Value

Posted on by PZC Office
On October 12, the Supreme Administrative Court issued a final resolution on determining the tax base for real estate tax on buildings, the value of which was included in the so-called overall fixed assets. It deals with complex fixed assets when they cover more than one building object. Settlement of this for PoN is particularly problematic because the initial value of this fixed asset (which is, in fact, the tax base) includes, apart from the value of the structure, the values ​​of other Read more

What is a Trusted Profile (Profil Zaufany)? Does a Foreigner Need it in Poland?

Posted on by PZC Office
Do you want to settle an official matter via the Internet? You must confirm Profil Zaufany or your identity and electronically sign the document sent to the office. You can do it using the Trusted Profile. So, Profil Zaufany is essentially an electronic signature with which you can confirm your identity in electronic contact with departments and offices of various government agencies in Poland. When settling the matter in the office, you must show your identity document. Profil Zaufany is a ki Read more

According to the New Tax Order, Large Families Get an Additional Deduction

Posted on by PZC Office
Parents with at least four children are to have an additional deduction of PLN 85,000 after the new tax order changes in the Polish Lada. It is the same as provided for in the PIT program for young people. How will this improve the situation of families? According to economist Prof. Marek Kośna, this decision represents a move in the right direction and a solution that was needed. But one can doubt whether a similar effect can be achieved differently. The expert also emphasized the need to imp Read more
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