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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 more

Apartment 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

The Record-Breaking Amount of Foreign Investments in Poland

A report by PAIH, which manages overseas investments in Poland, stated that the remaining 12 months turned into a record-breaking one for the business, with the general FDI surpassing 2020 by EUR 800 million and the preceding best-ever result from 2019, with EUR seven-hundred million. “It turned into a golden 12 months for PAIH,” the enterprise’s CEO Krzysztof Drynda stated, including the brand new investments in Poland “imply now no longer simplest cash however additionally new jobs - a Read more

The Minimum Wages in 2024 Will be Higher Than Planned

The Polish government has decided what the minimum wages will be in 2024. According to the regulation, from January 2022, the "lowest national" will increase by PLN 210 gross and equal to PLN 3010 gross. From January, the tax changes provided for in the "Polish Deal" program will also come into force, and more money will be left in the pockets of the least-earning Poles than initially assumed. The minimum hourly rate from January 2024 will be PLN 19.70 gross. But there are also changes in minim Read more
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