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The biggest taxpayers will receive special treatment

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The Ministry of Finance is planning to create a new unit for dealing with the biggest taxpayers. Polish enterprises with significantly high turnover are seen as key to the state economy. Not only do they employ thousands of staff members, but they also accrue high revenue and therefore pay high taxes that constitute an important part of the state budget. Important enough to deserve special attention from fiscal authorities.   From April 2018, the most important taxpayers will be subject t Read more

Changes to Corporate Income Tax in 2024

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The Ministry of Finance recently prepared several changes in fiscal regulations that apply to taxpayers paying corporate income tax, or CIT. The goal behind the amendments is increasing budget revenue through, among other things, limiting the possibilities of tax optimization. Polish companies need to prepare for more detailed legal provisions and stricter interpretation of the existing corporate income tax rules. Among the most important reforms is the separation of capital gains and other pro Read more

Southeastern Poland Confidently Reaches for EU Funds

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Grant Thornton, one of the leading audit agencies, conducted research into EU funds that flow to Poland. In particular, they were interested in what regions and cities money is allocated and what it is used for. The recently published report with the results of the study indicates which regions of Poland are most effective when it comes to reaching for the support of European institutions directed at research and development (R+D). Auditors made a finding that may seem surprising. The leader of Read more

40 Billion PLN for Renewable Energy Suppliers

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In accordance with the regulations adopted by the EU, each Member State has to meet its renewable energy targets. In the case of Poland, the share of “green” energy in total energy consumed in the country in three years’ time is to rise up to 15%. Despite the deadline looming ahead, Poland is still far away from fulfilling the requirement. In order to increase the share of renewable energy sources in the energy market, the government has plans to back up “green” energy producers. Publ Read more

Polish Financial Institutions Warn Against Bitcoin

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While bitcoin prices skyrocketed on markets on financial institutions, the National Bank of Poland (NBP) together with the Financial Supervision Authority (KNF) issued a press release warning Polish people about the risks involved in investing in cryptocurrencies. The financial institutions clearly state that bitcoin, ether, litecoin and similar creations are not legal tenders and should not be regarded as currencies. Contrary to what some may believe, cryptocurrencies do not constitute digital Read more
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