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No revolution in taxation in Poland?

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Surprising news came this week from the Polish government. The Economic Committee of the Council of Ministers announced it will no longer continue work on the conception of a single, unified tax. The Chair of the Committee, Deputy Prime Minister Morawiecki stated that the solution will not be implemented into the Polish taxation system.   The “unified tax” was to simplify the tremendously abundant tax regulations in Poland. The idea was to replace several fiscal obligations paid by Po Read more

Corporate Social Responsibility (CSR) is no longer a fad

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Socially responsible business is not an addition to business, but a form of doing business. CSR has to be authentic and cannot be just a marketing fad.   Among companies it is believed that CSR is not important to consumers. As much as 71 percent of them is of the opinion that consumers choosing products or services do not take into account whether or not an enterprise is socially responsible, and 63 percent are convinced that consumers do not even know what CSR is – research carried ou Read more

Investment in Poland gaining pace?

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Central Statistical Office published first data on investment in November 2016. The numbers came as a bit of a surprise to many economic experts.   Deputy Prime Minister Mateusz Morawiecki, the person in charge of both the Ministry of Finance and the Ministry of Development expressed a belief that first half of 2017 will show an increase in investment in Poland. The minister is certain a boost in investments will appear no later than in the third quarter of the upcoming year.   Inv Read more

Compliance obligations: VAT tax returns

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There are many obligations that Polish law imposes on entrepreneurs. Polish tax regulations are one of the most complicated, if not THE most complicated, in Europe. It is extremely important that a company is up to date with all tax regulations, amendments, court decisions, and opinions coming from the Ministry of Finance.   A common compliance obligation is reporting VAT transactions and filing VAT tax returns. Valued Added Tax is the biggest source of revenue for the state budget. Tax a Read more

Liquidation of a Polish company

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Not every business idea turns into a great success. When things do not go according to plan, sometimes company liquidation is the best option. The liquidation process is described in the Commercial Companies Code. To officially close a limited liability company (spółka z ograniczoną odpowiedzialnością) follow these steps.   If you have made the difficult decision to end your operations, the first step you need to take is gathering together all company shareholders. Company l Read more
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