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47th World Economic Forum in Davos – a prelude to new investment in Poland

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During the 47th World Economic Forum in Davos numerous talks with much prospects for Polish business took place. On this occasion, Polish Deputy Prime Minister and Minister of Development and Finance noted how fruitful the talks that took place during the last year’s event proved to be, as only a few months later a big investment connected with a GE and Lufthansa factory near Wrocław was launched in Poland.   Deputy Prime Minister Morawiecki announced he expects a similar effect after Read more

Payroll accounting & social insurance

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Payroll calculations is an inevitable part of doing business. If you decide to employ personnel, you need to remember about the obligations that come with it. Employers do not only need to pay out salaries or wages, but also need to make sure that they comply with all legal and tax obligations related to paying remuneration.   A substantial part of everyone’s salary goes to Social Insurance Institution, or ZUS. Founded in 1934, the body deals with all things related to work and retireme Read more

Poland breaks records on the energy market

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On the morning of 3rd of January, Poland broke a record of hourly net energy export, and several hours later another record of energy production from wind. For the first time, wind farms supplied over 5000 MW of energy to the consumers, which is 34 percent of the total energy demand in Poland.   Strong low pressure area over the Baltic Sea, called Alex, created the strongest Baltic storm in 15-20 years. Alex contributed to generating a lot of energy on the wind farms of Northern Europe. B Read more

A new player on the Polish banking scene

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Polish consumers will now have a greater choice when it comes to finding a banking services provider. A new bank is going to launch its operations in Poland. It is Inbank from Estonia.   The bank was created in 2015 by Estonian professionals with much experience in the banking sector, Priit Põldoja and Jan Andresoo, and is currently present in several European countries. Apart from Estonia, it operates in Latvia, Germany and Austria. Polish branch of Inbank will open in the first quarter Read more

Company Income Tax in Poland

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Company Income Tax in Poland is paid by legal persons as well as organisational units without legal personality, limited joint-stock partnerships and tax capital groups. The levy applies to the taxpayers who have their seat (registered office) in the territory of the Republic of Poland. This means CIT applies to limited liability companies and joint-stock companies registered in Poland.   There are some entities that are exempt from the obligation to pay company income tax. These are the Read more

Poland breaks records on the energy market

Posted on by admin
On the morning of 3rd of January, Poland broke a record of hourly net energy export, and several hours later another record of energy production from wind. For the first time, wind farms supplied over 5000 MW of energy to the consumers, which is 34 percent of the total energy demand in Poland.   Strong low pressure area over the Baltic Sea, called Alex, created the strongest Baltic storm in 15-20 years. Alex contributed to generating a lot of energy on the wind farms of Northern Europe. B Read more
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