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EU Court Rules in Favour of Poland

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An important decision was made last week that may bring changes to the fiscal system in Poland. EU Court announced its ruling regarding the Polish retail tax. EU courts or judiciaries decided Poland is allowed to introduce the levy and that the related Polish fiscal law provisions do not infringe the EU fair trade regulations. The new progressive retail tax, which according to the intentions of the legislators was supposed to be imposed on big supermarket chains (or rather, as it was stipulated Read more

Officials Will Warn You Against VAT Fraud

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Tax authorities want to help Polish entrepreneurs protect themselves against VAT fraud. As it turns out, it is not very difficult to unwillingly become a participant in the so-called VAT carousel, an elaborate scheme designed to illegally obtain government money in the form of value-added tax refunds. The officials will send out letters to those businesses who are at risk of becoming victims. A VAT carousel, known also as a missing trader fraud, happens when a business reclaims a tax refund alt Read more

Entrepreneur’s text – yes or no?

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A few weeks ago, the Ministry of Finance presented a novel idea for securing budget revenue from taxation on businesses for entrepreneurs. Ministry experts want to verify whether Polish sole proprietorships qualify for this status. The so-called “entrepreneur’s test” (or a test for being considered an entrepreneur), gained a lot of attention in the media and mixed reactions. After backlash from the business sector, the government announced the work on this concept had been halted. The tes Read more

Poland Celebrates 15 Years in the EU

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The first of May marks Poland celebrates the fifteenth anniversary of Poland’s accession into the European Union. The last 15 years is a story of growth, economic development, as well as political, social and other changes. Today, most Poles are happy to be EU citizens and the gained benefits for the Polish economy and businesses are undeniable.

Why Poland Celebrates This Day:

First talks between Polish officials and the representatives of the European Economic Union began as early as Read more

More Investment into Rail in Poland

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Prime Minister Mateusz Mazowiecki has recently announced that the government prepared a list of rail in Poland and train lines of strategic importance to the country. The ruling party wants to make sure rail transportation is not neglected. On the contrary – the planned construction of Solidarity Transport Hub (knows also as Central Communication Port) is going to put trans in the spotlight after years of neglect. Heavy investment is expected in the sector in the upcoming years. Central Commu Read more

Open Pension Funds to be Disposed of

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The Polish government announced its plans for a new pension system reform and its intention to entirely do away with Open Pension Funds (OFE). This will be a definite end of the retirement system as we know it. Several years ago, after the reform of 1999, OFEs were supposed to be the main pillar of the pension system, where millions of Polish workers would deposit a part of their income waiting for old age to come. T Read more
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