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Verification of VAT refund validity from 1 January 2017

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A taxpayer submitting VAT tax return in which they report an overpayment of input tax over output tax to be refunded to a bank account has to be aware the tax authority may verify whether there are legitimate grounds for the reported refund.   Verification of the validity of refund claims from 1 January 2017 was regulated in detail in the VAT Act.   Pursuant to Article 87 of the VAT Act, second sentence, if validity of a refund requires additional verification, the head of tax offi Read more

Mobile operator announces plans for IPO

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Play Communications S.A., the owner of Play, one of the biggest mobile network operator brands in Poland, announced its intention to go for an IPO. This is going to be the biggest debut Warsaw Stock Exchange has ever seen. The company is planning to apply for listing on the main market of WSE.   From the moment of its launch, Play has been steadily increasing its market share, gradually becoming the second-biggest mobile network operator in Poland in terms of subscribers. Over a quarter o Read more

Government to impose excise duty on e-cigarettes

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It appears that Polish government is soon going to reach deeper into its citizens’ pockets. Government Legislation Centre has recently published information that lawmakers plan to work on changes to the Excise Tax Act. The government intends to broaden the group of goods on which the levy is imposed. Experts’ predictions suggest the move may bring 100 million PLN a year to the state budget.   The products the excise tax is to be imposed on are the so-called electronic cigarettes (or, Read more

Polish Companies Concerned About The Changes Regarding Transport Put Forward By CE

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The European Commission is preparing legal provisions on transport in the European Union. One of the goals is to regulate the issue of drivers’ work in international transport which, as Polish transport companies claim, is to push them off the Western market. The EC explains introduction of the proposed changes is a response to problems concerning social regulations in EU countries.   The problem of Polish transport companies started when Austria, France and Germany adopted regulations Read more

Badly-Implemented IT System Causes Losses To TXM

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TXM, a discount clothing chain, lost a big share of its profits due to badly implemented SAP system. As Bogusz Kruszyński, acting as the President of TXM, admits, the level of SAP system complexity and related hurdles had not been taken into account. Because of computer problems, the company appointed a new Management Board and resigned from expanding its operations in the Czech Republic. The company resp Read more
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