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Huawei executive involved in an espionage scandal

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Internal Security Agency arrested two people upon charges of espionage for China. The two men are a former special services officer and university faculty member and an executive employed by the Polish office of Huawei Technologies, a global telecommunications company and consumer electronics manufacturer. Piotr D and Weijing W. will spend at least three months in custody. The news came from Polish secret services.   Piotr D. used to be an executive in Internal Security Agency’s Departm Read more

Earlier PIT-11 Deadline for Polish Companies

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Like every year, business owners need to devote their thoughts to personal income tax (or PIT-11) that their employees need to pay. Every employed person is under obligation to report their remuneration and other income accrued in a given year to their local tax office. Numbers need to be added up and adequate amount of income tax paid or by the taxpayer. Let us take a look at the changes that happened this year with respect to PIT tax returns. Company owners who hire personnel are obliged to p Read more

Employee Capital Plans launched

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2019 marks the start of a highly anticipated retirement system reform in Poland. In a recent official inauguration, Prime Minister of Poland, Mateusz Morawiecki, expressed hopes that the new pension scheme will positively affect not only every employee in the country but also the entire state through generating savings and driving economic growth. Employee Capital Plans are a system of payments which are deducted from the employee’s salary every month. It consists of three elements: employee Read more

Social Insurance Contributions Lowered for Sole Entrepreneurs

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From January, sole entrepreneurs (natural persons conducting business activity) enjoy lowered social insurance contributions payments. The amount of contributions, which are obligatory, will be correlated with the company’s turnover. It will be a significant change to thousands of business entities in Poland. As all companies in Poland, single-person businesses pay mandatory contributions to Zakład Ubezpieczeń Społecznych (So Read more

What will 2019 be like for Polish economy?

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2018 is finally over. For Polish economy and businesses, the past twelve months were marked by record-high employment and strong GDP growth. What can entrepreneurs expect in 2019?   Business experts are certain: next year we are going to experience a slowdown. After the good days there always come bad days. There are sign indicating that the peak of the economic cycle is already behind us. From now on, one may expect that GDP growth will cease to increase. According to the predictions, th Read more

Anti-tax avoidance clause provisions to be broadened in 2019

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A legal act amending the anti-tax avoidance regulations will come into effect, making it even easier for tax authorities to act against dishonest taxpayers. The so-called clause against tax avoidance is a regulation introduced in 2016 which provides means for the government to punish those business entities that take actions to pay lower taxes in Poland. Currently, the clause is effective in case the disputed amount of due tax exceeds 100 000 PLN. This threshold will be done away with from Jan Read more
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