Get employees in Poland – what does it cost?

Employees in Poland After setting up a business in Poland you will probabely – sooner or later – look for employees in Poland. The first question while engaging your new stuff is pretty obvious: how much does it cost? The system of taxes and social insurance in Poland in such a way that public contributions […]

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Lower VAT rate starting from 2017?

Four different levels of the VAT rate are used in usual business transactions in Poland: VAT rate 0% – for export and intracommunity delivery of goods VAT rate 5% – for basic food, like bread, milk, cheese, meat preparations etc. – for books and newspapers VAT rate 8% – for sale, construction, renovating and modernization […]

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Tax on banks in Poland and its consequences

Tax on banks was surely not among the most significant election promises made by the leading party Prawo i Sprawiedliwość (“Law and Justice”) during its campaign. Nonetheless they were numerous and some of them were assessed pretty expensive. The central one alone – a monthly benefit of 500 pln for each child in a family […]

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Unpaid purchase invoices

Unpaid purchase invoices may have some unpleasant consequences in Poland. Unpaid purchase invoices in Income Tax The first consequence comes up in the income tax calculation: the unpaid purchase invoices may be included in the debtor’s income tax calculation only for a limited time, after which these invoices – if still unpaid – must be […]

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Dividends and taxes

“Double taxation” for dividends Well-managed, finely tuned business makes sooner or later a profit that can be accumulated for future development or expansion or but it may be distributed among the shareholders in form of a dividend. As a matter of fact, the profit is nothing else than the surplus of revenues over the costs […]

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What is my tax identification number?

Whereas a “usual” citizen who doesn’t run his own business may use his PESEL number (which is his ID number in the electronic population register) while contacting the tax office each entrepreneur must identify himself with a “NIP”, i.e. individual tax identification number. It consists of 10 digits, traditionally recorded as “XXX-XXX-XX-XX”, although the newest […]

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