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The Government Finishes Work on Constitution for Business

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Polish government has put final touches on the much-hyped Constitution for Business – a package of five drafts of legal acts that are to make doing business in Poland easier, especially for micro and small enterprises. The legislators from the Ministry of Finance have been working on the package for an entire year. Now, Constitution for Business got approved by the cabinet of Polish Prime Minister Beata Szydło. This means the new bills may be presented to and discussed in the parliament. It i Read more

First Draft Of The New Tax Ordinance Revealed

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The Codification Committee finished work on a new tax ordinance bill. The document has recently been published on the government website. Preparing the draft of the new act regulating tax law in Poland is a massive task and took Committee members three long years. Tax ordinance is one of the most important legal acts shaping economic reality in Poland. It governs all things related to taxation: levies, tariffs, rules of tax collection, fiscal obligations and penalties for non-compliance, etc. T Read more

Obligation To File VAT Tax Returns To Go Away

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The Finance Ministery revealed in an interview that the institution plans to get rid of the obligation for Polish companies to file VAT tax returns. In the tax returns, taxpayers showcase their transactions involving VAT tax settlement. Today, the document has to be submitted to the competent tax office on a monthly or quarterly basis. Failure to comply may result in losing one’s VAT number, i.e. being deregistered as Read more

Receiving VAT tax refunds will be quicker

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Polish Ministry of Finance instructed tax offices all around the country not to delay refunds of goods and services tax if the right for a refund is well-grounded and raises no doubts. According to the provisions of the goods and services tax act of 11 March 2004 which are currently in effect, tax officials have 60 days to verify whether a taxpayer is entitled to such refund.   Recently, officials from the Ministry of Finance send out a note to tax offices highlighting the need to pay out Read more

Polish Post Announces Big Investment Plans

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The big investment plans include one billion PLN – that is the amount that Poczta Polska (Polish Post), a Polish national postal operator, plans to spend on the creation of a new logistics center near the city of Łódź. The investment plans also include three new mail sorting facilities and 54 new trains. The news was announced in a special press conference attended by the Minister of Infrastructure and Construction Andrzej Adamczyk. Polish Post is even considering creating its own fleet of Read more

It’s Worth It To Be A Part of Investors In Poland

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Foreign companies that conduct business activities of investors in Poland earned 18.8 billion euros last year. It was the biggest income in history, generated by investors who had created their enterprises from scratch or had taken over companies or banks existing here. In the last four quarters, the income grew by an additional 140 million. Each 100 euros invested made a profit of 8.4 euros. In absolute terms, this Read more
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