National Treasury Administration bill signed

Posted on December 07, 2016 by admin

As of 1 March 2017, customs, tax administration and fiscal control will be consolidated and turned into National Treasury Administration (KAS) – as stipulated in the bill on KAS and act introducing its regulations signed by president Andrzej Duda. As the President’s Office informed, KAS will be a dedicated government administration carrying out tasks within the scope of: tax income, customs duties, fees and non-tax budget receivables. KAS is to protect the interests of State Treasur Read more

Expired deadline for submitting a FATCA statement

Posted on December 05, 2016 by admin

1 December was the deadline for meeting the obligation to submit a FATCA statement. The obligation concerns everybody (individuals as well as companies) who opened their account after 30 June 2014. FATCA (Foreign Account Tax Compliance Act) is an American legal act passed in 2010 by the Congress. Its aim is imposing an obligation on foreign financial institutions to provide a list of clients that constitute a group of US tax residents. The main idea behind introducing the obligation is Read more

Act on innovation signed by the Polish President

Posted on November 28, 2016 by admin

The new act on innovation is to guarantee companies possibility to take advantage of substantial tax credits for research and development, while scientists are to benefit from commercialising their inventions to a much greater extent. In accordance with the announcements of President Andrzej Duda, the solutions included in the new act to are bring a real growth of innovation, and therefore better functioning of Polish economy, better functioning of Polish science, and as a result a dist Read more

New tax-free threshold regulations

Posted on November 28, 2016 by admin

Poland’s parliament introduced amendments to the bill on tax-free threshold. According to the proposals put forward by the Senate, people with low income will be exempted from paying income tax. The current tax-free threshold in Poland is 3,091 PLN. This week, the parliament worked on the bill keeping the amount on the same level for 2016 and 2017. The bill was passed through the Sejm, the lower chamber of Polish parliament, and went to the Senate. The body could have left the bill in Read more

Ministry is preparing for a mobile revolution

Posted on November 23, 2016 by admin

The Ministry of Digital Affairs held a press conference to present its new plans concerning the future of Polish identity cards and other official documents. As the world is becoming more and more mobile, so are public institutions. Soon, Poles will be able to leave many of their personal documents at home and use their phones instead. “MDocuments” (mobile documents) is the name of a programme of digitalising documents and enabling mobile access to them. The aim is to allow ordinary Read more

“Business constitution”: what is not legally forbidden, is permitted

Posted on November 21, 2016 by admin

Deputy Prime Minister, Minister of Finance and Development Mateusz Morawiecki presented “Constitution for business” at Congress 590 in Rzeszów. The key assumptions of the document are to facilitate running a business in Poland. PiS government is suggesting numerous practical support solutions that should make entrepreneurs happy. Operations on the smallest scale without mandatory registration, 6 months without social insurance contributions for new companies and numerous tax simpli Read more

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