News

Government to impose excise duty on e-cigarettes

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

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

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

Poland – Israel cooperation

Tomasz Domogała, who manages TDJ holding founded by his father, made an agreement with Pitango (one of the biggest venture capital funds in Israel) and National Centre for Research and Development. The cooperation will lead to the creation of TDJ Pitango Ventures fund with the base in the form Israeli know-how, 210 million PLN in the pocket and focused on the Polish start-up market.   The Management Board of TDJ Pitango Ventures is to be made of two people – Daniel Star with knowledge Read more

Tax Freedom Day 2017 earlier than even before

Tax Freedom Day 2017 is already behind us. Adam Smith Centre, a Polish think-tank focused on researching free economy, announced that 9th of June was the day on which Polish people, according to the newest statistical data, paid all their taxes and started earning income that goes directly into their pockets. In 2016, Tax Freedom Day in Poland was 15 June. This means Polish people’s tax burden has slightly decreased in the recent 12 months.   To estimate Tax Freedom Day, expe Read more
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