New tax incentives for innovative companies in Poland

January 2017 is the first month of functioning of a new act on innovativeness (the so-called “small act on innovativeness”). Ministries of Development and of Science and Higher Education have...

Retail market in Poland thriving in 4Q2016.

The numbers coming from the Central Statistical Office (GUS) show that the end of 2016 was a very good time for the retail sector in Poland. Positive situation on the...

National Fiscal Administration getting closer

From 1 March (and not 1 January, as the Sejm wanted) tax collection and safety of public finances in Poland will be handled by National Fiscal Administration (KAS). Before taxpayers...

Payment cards in 4Q2016

The National Bank of Poland (NBP) presented its quarterly report on payment cards in Poland. The number of cards on the Polish market has been steadily growing since 3Q2015. In...

Improving Polish tax system in progress

Details of the plans to introduce further changes that are to make Polish fiscal system more flexible and friendly are regularly presented to public opinion by Polish Deputy Prime Minister...

Draft of a new Polish anti-usury bill

The Ministry of Justice published a draft of a new anti-usury bill, lowering the limits on loan costs other than interest. According to the bill, the fees and commissions will...

Polish zloty traded in China

China is launching direct trading pairs of yuan and seven foreign currencies, including zloty, Bloomberg informs. A statement from Chinese financial market regulator says: “In order to promote bilateral trading...