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EY: Poland one of top 5 investment destinations

Posted on June 02, 2017 by admin

EY’s Attractiveness Survey Europe names Poland as Europe’s fifth most important destination in terms of foreign direct investment. In 2016, the country was chosen as a location for 211 FDI projects, a twelve percent increase compared with 2015. In terms of job creation, the data is even more impressive. Poland landed second on the list, beaten only by the United Kingdom. Investment projects brought over 22 thousand jobs. EY notes that the CEE region “had a strong momentum in 2016� Read more

Entrepreneurs: Fiscal System in Poland Complicated and Unfair

Posted on May 31, 2017October 27, 2023 by admin

Związek Przedsiębiorców i Pracodawców (Entrepreneurs and Employers’ Union) ordered a research into the business owners’ views on taxation in Poland. The study, conducted by researchers from Warsaw University, is to give highlight of what the fiscal system is like for those generating income and employing staff and how they view various taxation systems and solutions. The entrepreneurs who participated in the survey were almost unanimous: Poland’s fiscal system is complicated, Read more

Gasification of Coal – Plans Which Have a Chance to Come Into Life

Posted on May 29, 2017October 27, 2023 by admin

In the few recent years, a lot is being said about the possibilities that will arise from gasification of coal, and it seems that the idea has a chance to finally come into life. During IX edition of European Economic Congress, Krzysztof Szlaga, the President of Lubelski Węgiel Bogdanka, revealed that by the end of 2017 a feasibility study on coal gasification installation is going to be ready. If the results of the study would confirm feasibility of the investment, the installation will be sit Read more

PGNiG is Pushing For Punishing Gazprom

Posted on May 24, 2017October 27, 2023 by admin

Many years of self-serving attitude on the part of the Russian giant left its mark on the finances of Poles. The European Commission, which since 2012 has been carrying out anti-monopoly proceedings against Gazprom, took notice of a statement from Polskie Górnictwo Naftowe i Gazownictwo who demanded punishing the Russian giant. Piort Woźniak –PGNiG’s President – stated the EC should penalize Gazprom financially and impose obligations that would prevent the company from breaching anti-mon Read more

Settlement Of Cross-Border Transactions

Posted on May 22, 2017October 27, 2023 by admin

Taxpayers who are going to carry out transactions with entities from the European Union are under obligation to register for the transactions. In this case, the frequency with which the taxpayer will carry out the transactions does not matter. Conducting even a one-time intra-Community transaction makes it mandatory to register as a VAT-UE taxpayer. Registration for intra-Community transactions is made on the VAT-R form. After submitting a notification about the intention to carry out intra-Comm Read more

Split Payment: New Solution For VAT Gap?

Posted on May 17, 2017October 27, 2023 by admin

The Polish Ministry of Finance is working on a new solution that is to tighten the VAT gap, i.e. the difference between the expected and actual VAT revenue. The state budget is losing billions of PLN each year due to dishonest taxpayers. Splitting the goods and services tax is to increase tax collection and make entrepreneurs feel safer. According to the information from the Ministry, the new regulations on VAT are planned for 2018. The system of split payment is already functioning in such Eur Read more

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