News

Polish Forests Ravaged By Storms

Abrupt storms hit Poland last week, causing substantial damage including the destruction of Polish forests killing 6 people and harming 30 more. Hurricane-level gusts of wind caused trees to fall, ravaging whole forests. The level of devastation is unprecedented. State Forests estimate the total area of destroyed forests to be as much as 38 thousand hectares. Over 7.7 million square meters of trees are down. In the areas affected the most, local authorities created crisis groups that will coord Read more

Fiscal cash registers go online in 2018

The Ministry of Finance wants fiscal transactions to be reported to tax authorities online. This is to be done thanks to a new generation of fiscal cash registers that will send period reports on all cash register entries to a new government IT system. The data will be analysed to detect any inconsistencies or irregularities.   The goal behind introducing the new reporting obligation is providing the Ministry with more information relevant to business activity of Polish entrepreneurs whic Read more

European Commission Critical of Polish Pension System Reform

The European Commission issued a Letter of Formal Notice to Polish government expressing concerns over the recent introduction of the new law on the organisation of ordinary courts.  The new regulation includes provisions concerning retirement rules for Polish judiciary members. Poland introduces different retirement age for different genders. Soon, Polish male judges will be able to retire at the age of 65, while their female counterparts at 60.   EU Commissioners point to the fact Read more

Nokia Opens A New Subsidiary In Łódź, Poland

Nokia, a Finland-born international corporation known around the globe for their mobile phones, has been present in Poland for many years. The company employs over 5 thousand staff members in various locations across the country. Poland is the home of Nokia’s Global Services Centres as well as research and development centres. Now, the corporation’s subsidiary, Iris Telecommunication Poland, opened its office in Łódź.   The company is planning to hire approximately 250 staff member Read more

Ministry Of Finance Is Considering Resigning From Tax Returns

Every company in Poland that is a VAT payer is under obligation to file periodic VAT tax returns to the Ministry of Finance. The document, which may be submitted on a monthly or a quarterly basis, indicates the amounts of VAT sales and purchases and the amount of value-added tax liability the entity has to pay. Tax offices use these to check whether entrepreneurs meet their fiscal obligations and calculate and pay taxes in the appropriate way and amount. Filing tax returns is mandatory. Failure Read more

Financial Supervisory Authority Raises the Alarm About Nova Giełda

Financial Supervisory Authority put Nova Giełda on the public warnings list.  The reason for this was that the company of Mariusz Patrowicz carried out brokerage activity without a licence (suspicion of breaching Article 178 of the Act on Trade). A public warnings list managed by the Financial Supervisory Authority is a catalogue of entities submitted by the Financial Supervisory Authority together wi Read more
Read more

Consulting services