Business News Poland

News

Internet piracy costs Polish economy as much as 3 billion PLN a year

Posted on by admin
Every other Polish internet user aged 15-75 uses illegal online sources. According to an analysis of Deloitte, the total losses Polish economy incurs due to online piracy last year were over 3 billion PLN, while State Treasury losses were estimated at approximately 836 million PLN.   Despite growing accessibility of legal online content, internet users keep choosing illegal sources due to lower prices. The problem is also the fact that there has been no intensified legislative action rega Read more

Computer virus shakes up European enterprises

Posted on by admin
A massive hacker attack disrupted Europe, threating entrepreneurs all across the continent and causing trouble for many businesses. A ransomware Petya virus spread through IT networks like wildfire, freezing computers and demanding a 300-bitcoin payment from those wishing to regain access to their files. The attack started in Ukraine and that was the country where it caused most damage. Some Polish enterprises also fell victim to the malicious software.   The virus attacked Ukrainian bank Read more

Changes at the Warsaw Stock Exchange

Posted on by admin
The Warsaw Stock Exchange has recently got a new management board and supervisory board. During corridor talks, people discussed who would be the president of the state company. Jarosław Grzywiński, a lawyer delegated by the supervisory board to temporarily manage the company, expressed hopes to keep the position. A moment later Marek Dietl, a doctor of economics from Krakow announced his candidacy, and it is he who on 16 June was appointed by the general shareholders’ meeting of WSE to serv Read more

Companies will have to disclose information on their income

Posted on by admin
The government plans to introduce new regulations imposing additional reporting obligation on Polish companies. The upcoming amendments are connected with the provisions of corporate income tax and most probably will affect, at least initially, the biggest Polish companies (in terms of accrued revenue) as well as capital groups. Officials point to the examples of Denmark and Sweden as inspiration for the new law, as well as OECD guidelines for international companies. Lawmakers want the biggest Read more

Protest of taxi drivers in several biggest Polish cities

Posted on by admin
Taxi drivers blocked traffic in several biggest cities to persuade the government to take actions that would hinder illegal carriers. As Jarosław Iglikowski, the president of Warsaw Taxi Driver union explains, the state is protecting criminals instead of honest entrepreneurs. Vehicles driven by taxi drivers went to the streets at 7:30 a.m. and ended their protest at 1:00 p.m. At the end of the drive, the major institutions and ministries were to receive their petitions.   One of the cont Read more

Verification of VAT refund validity from 1 January 2017

Posted on by admin
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
Read more

Consulting services

MiCA CASP License in Poland – European Union passporting (Crypto Asset Service Provider)

Fin out more

MiCA CASP Classes – Information Guide (Crypto Asset Service Provider) European Union (EU)

Fin out more

Buy, Sell, or Acquire Licensed Fintech Companies

Fin out more

Buy or Sell Ready-Made Licensed Companies

Fin out more

Buy, Sell, or Acquire Licensed Money Service Businesses (MSBs)

Fin out more

Buy, Sell, or Acquire Software and IT Companies

Fin out more

Buy, Sell, or Acquire Licensed Gaming Companies

Fin out more

Buy, Sell, or Acquire Licensed Forex Companies

Fin out more

Buy, Sell, or Acquire Cryptocurrency Licensed Companies

Fin out more

Buy, Sell, or Acquire Licensed Virtual Asset Service Providers (VASPs)

Fin out more

Buy, Sell, or Acquire Licensed Small Payment Institutions (SPIs)

Fin out more

Buy, Sell, or Acquire Licensed Authorized Payment Institutions (APIs)

Fin out more

Buy, Sell, or Acquire Licensed Electronic Money Institutions (EMIs)

Fin out more

Fintech M&A

Fin out more

VASP – Crypto License in Poland (EU)

Fin out more

Residence Permit in Poland (European Union) – Fast and Easy Path to EU Residency

Fin out more

Business in Poland (Company with Concession) License

Fin out more

Aged Shelf Companies in Poland

Fin out more

Corporate and Business Bank Accounts

Fin out more

Company Liquidation

Fin out more

Business Feasibility in Poland

Fin out more

Supply Chain

Fin out more

Business Research

Fin out more

Invest in Poland

Fin out more

Offshoring to Poland

Fin out more

Business Tax Advisory

Fin out more

Legal Advisory

Fin out more

Business Negotiation

Fin out more

Mergers and Acquisitions

Fin out more

Banking Relationships

Fin out more

Accounting and Bookkeeping

Fin out more

Corporate Secretarial Services

Fin out more

Company Formation in Poland

Fin out more

Ready Made Shelf Companies in Poland

Fin out more

Commercial Representation

Fin out more