Employee Shortages Hit Polish Businesses

Posted on August 31, 2018October 20, 2023 by admin

In the last few years, Polish businesses and the economy have been going strong and the situation in the job market has been better than good. The official unemployment rate recorded by the Central Statistical Office has been staying below 6%. Surveys demonstrate that Polish businesses feel they do not need to worry about losing their jobs. However, happy times for the working population do not necessar Read more

Exit Tax in Poland to be Introduced Next Year

Posted on August 24, 2018October 20, 2023 by admin

The officials from the Ministry of Finance publicly confirmed that government experts are making plans to introduce a corporate exit tax in Poland. It is not a theoretical concept – the work is already underway. The exit tax is directed at corporations moving their premises abroad. The purpose is to safeguard the interests of the state that oftentimes offers generous fiscal incentives to foreign investors.

The Importance of Exit Tax in Poland:

Even though the government (or local gov Read more

Retail Numbers Drop in the Aftermath of Sales Ban

Posted on May 21, 2018October 20, 2023 by admin

Retail numbers dropped after the Polish government imposed a ban on Sunday trade affecting a vast majority of stores and shops in the country, many wondered what the long-term effects of such a move would be. The new legal provisions introducing the shopping embargo came into effect on the 1^st of March. Economy experts as well as politicians can now see the first effects of the ban as Central Statistical Office published the official data on retail number sales in April. The act on t Read more

PKO Wants to Take Business to a Higher Level

Posted on April 13, 2018October 20, 2023 by admin

PKO Bank Polski, the biggest bank in Poland, came up with an initiative for small business owners who are interested in improving their condition and expanding operations. Financial institutions’ representatives say that a bank is as strong as its customers, therefore it is in the interest of the company to have account holders that enjoy steady growth and have good standing. PKO has prepared a series of workshops for entrepreneurs across the country the goal of which is to pass knowledge on Read more

Statutory Limitations Period Shortened to Six Years

Posted on April 09, 2018October 20, 2023 by admin

Good news for consumers, bad news for creditors. Soon, the general statutory limitations period will become shorter. Due to the upcoming changes to the Civil Code, creditors will have six years, and not ten, as it is now, to take action against dishonest counterparties who owe them money. Lawmakers decided that the general prescription period that applies to most liabilities does not need to be that long and six years is plenty of time to make a claim. The advantage of the shorter period of sta Read more

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