Poland

  • COVID-19: Polish anti-crisis shield

    During the press conference, the President of Poland and the Prime Minister, following the meeting of the Cabinet Council, announced an outline of package of support actions for the society and entrepreneurs referred to as “Anti-crisis Shield”.

  • COVID-19: The main issues that can affect your business

    Considering the extraordinary and unpredicted situation related to COVID-19 pandemic, we would like to present you with this informative note drawn up from perspective of Polish law, which contains an indication of the most important issues that cannot be forgotten in running a business today.  

  • NBP and RPP actions related to the worsening situation of Polish enterprises

    The National Bank of Poland (NBP) and the Monetary Policy Council (MPC) reacted to the worsening situation of enterprises, the risk of loss of liquidity and the emergence of extraordinary needs of the state budget in connection with the epidemic.

  • ZUS introduces facilities for entrepreneurs

    The Social Insurance Institution (ZUS) enables entrepreneurs who, due to the coronavirus epidemic, may have issues with paying their ongoing contributions to take advantage of the possibilities under de minimis public aid.

  • Poland implements new rules for making payments to VAT taxpayers

    Starting from November 1st 2019, Poland has implemented new rules for making payments to VAT taxpayers under which in particular cases the amount of VAT must be paid to the separate bank account of the supplier (so called split-payment). The implementation came as a continuation of the sealing process of VAT system in Poland and replaced reverse charge method of settling VAT in the domestic transactions.

  • New withholding tax (WHT) procedures in Poland

    As of 1 July 2019, additional requirements will take effect for an exemption or preferential rate for withholding tax. The newly introduced formal requirements could mean an increase in costs of services purchased in cross-border transactions, which in turn could affect liquidity. In special cases, it might also be unclear whether measures to continue to make use of preferential tax schemes might trigger an MDR obligation (i.e. obligation to report tax planning arrangements).

  • What are ECPs, and whom do they affect?

    Although the Act on Employee Capital Plans came into force on 1 January 2019, businesses still have time to make preparations for when the new laws take effect. 

  • Tax regulations in force from 2019 - New obligations for all and preferences for the chosen ones only

    Combatting tax abuse by making regulations stricter has become a permanent feature of changes in legislation that traditionally apply to taxpayers from the beginning of a new year. This is the purpose behind the introduction, starting from 2019, of the obligation (applying to both legal/advisory financial businesses and their clients) to report tax arrangements (known as the Mandatory Disclosure Rules or MDR) and the change in accounting for withholding tax (WHT) based on preferential rates, consisting in introducing the obligation to recover this tax after it has been paid. The introduction of the so-called exit tax, in turn, is to discourage taxpayers from transferring their businesses outside Poland.

  • The Polish legislator has introduced a new type of company – P.S.A. (Prosta Spółka Akcyjna – Simple Joint Stock Company)

    Its aim is to enhance development and competitiveness of start-ups. P.S.A. as legal form easy to incorporate, run and dissolute is among others dedicated to small technological firms demanding freedom and flexibility in running business. Incorporation and running of P.S.A. is to be simpler, faster and cheaper than other companies.