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Polish Entrepreneurs Wait For Code Of Good Practice

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In the summer, the Ministry of Finance started tax consultations with Polish entrepreneurs on a list of due diligence requirements for buyers in VAT transactions. Meeting these requirements would mean entrepreneurs may be certain they have the right to deduct value-added tax from the carried-out transactions. In other words, the Ministry wanted to teach business owners in Poland what they should do in order not to get in trouble with Polish entrepreneurs and fiscal authorities. In the Ministry Read more

Wind Energy Strikes a New Record

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Power Market Energy has recently published 2017 data on the energy generated by wind energy in Poland. The numbers were better than expected. Polish wind farms produced 14,9 TWh of green energy, which sets a new record for renewable energy production from wind energy in Poland. The power generated in 2016, i.e. one year ago, was 12,6 TWh. Even though “green” energy in Poland is not of considerable Read more

Ukrainians Fill in Employee Gaps in Poland

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Two to three thousand people – that, according to the predictions of the National Bank of Poland, is the annual number of Ukrainian citizens who will arrive in Poland in the upcoming years. Today, our country hosts over a million Ukrainian men and women who look for work opportunities and a new life. Jacek Kotłowski from the Economic Analyses division of NBP said a growth of 200-300 thousand per year is the most probable scenario.   Workers from other countries are welcome by numerous Read more

OECD on Poland’s Economic Growth

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Organization for Economic Co-operation and Development (OECD) published findings of its 2018 economic survey on Poland. In the document, the organisation looks at the country’s economic status and development in such areas as investment, labour market, state deficit and overall GDP performance. The result is an overview of the current condition of Poland in terms of the state economy and the likely positive and negative outcomes of the current state of affairs. The intergovernmental organisat Read more

Ideas For A New Labour Code Met With Criticism

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The Codification Committee, a government body entrusted with the task of preparing a first draft of an entirely new Labour Code, the regulation which affects all employers and employees in Poland, finished its work this week. Even though the project is the first step to introducing a whole new labour code, the Committee did not disclose the results of their year-long work. The public has to wait for state off Read more

Ministry Says No VAT Tax Returns

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Polish Ministry of Finance officially confirmed they are working on the complete disposal of VAT tax returns. The tax returns, prepared by all value-added taxpayers, document all taxable transactions of a given company in a given reporting period. Businesses in Poland, apart from numerous other compliance duties, are under obligation to submit VAT tax returns on a monthly basis. Canceling the legal requirement Read more
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