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Sejm in favour of 15% CIT for small companies

Sejm [the lower chamber of Polish parliament] supported the government project bringing the CIT for small companies down from 19 to 15 percent. 439 MPs were in favour of the bill introducing the amendment, no one was against, three MPs abstained. The project predicts 5 percent CIT for small companies with annual turnover of up to 1.2 million EUR.   The goal of the amendment is to lower the CIT rate for small taxpayers from 19 percent to 15 percent. The reduced rate is to affect the compan Read more

Mandatory registration of pay-as-you-go cards in Poland – new legal regulations

Pursuant to new legal regulations in Poland, from 25 July card registration is a necessary requirement for its purchase, while users of active cards have time to register them until 1 February 2017.   The obligation to register cards is linked to the provisions of the so-called antiterrorist act passed through the parliament in June. The new law introduces a series of modifications into the existing regulations, including telecommunications law. Into this act that a new provision was adde Read more

Poland among the best countries to be a working woman

Finland, Norway, Sweden or maybe Poland?   These is the top selection of the best countries for women to work and live, according to “the Economist”.   The criteria used for making the list are: education, salary, child-care costs, share of business school applications, mothers’ rights, and also the number of women in top, specialist positions and share of women workforce on the job market.   The top of the ranking is taken by the aforementioned Scandinavian countries, Read more

EC adopts a strategy on cooperation with China in the upcoming 5 years

The European Union increasingly encourages China to open its market more broadly for European companies, tempting Beijing with the prospect of concluding an investment agreement, or even a free trade agreement in the future. Last Wednesday the European Commission adopted a new strategy regarding the Middle Kingdom.   China are EU’s second trade partner. Europe is indisputably the most important destination for Chinese foreign investment. In the last ten years, when the EU carried out it Read more

Brexit – what next?

Chief of the German Chancellery Peter Altmaier said that Great Britain will officially submit a motion to leave the European Union as soon as “within the upcoming weeks or months”. Meanwhile, the President of the EP Martin Schulz deemed the Tuesday EU summit the most suitable moment for filing such motion.   During an interview for a Sunday edition of „Bild”, the President of the European Parliament warned against pointless inertia which – as he stressed – will amplify the uni Read more

MAR in Poland

As of 3 July 2016 the Regulation on market abuse, the so-called MAR (Market Abuse Regulation) will be directly entered into Polish legal order, as the legislators are not under the obligation to implement it into the Polish legal order.   What is more, in the Ministry of Finance there are already works to adjust Polish legal provisions, i.e. the trading in financial instruments act and the public offer act so that they are compliant with the MAR and the MAD (Market Abuse Directive). &nbs Read more
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