2016 budget act was passed through the Sejm (lower chamber of Polish Parliament) on Saturday. The state’s presentation of the planned revenue and spending closes with a deficit in the amount of 54.7 billion PLN. Polish MPs worked on over three hundred proposed amendments and eventually approved of the financial plan for 2016. The proposed…
It has been known for some time that Polish government has plans to introduce a new levy on retail sales. The original idea was to tax large retail chains, like Tesco or Lidl. The number of small shops in Poland has been continuously going down for some time. Ministry of Finance finally revealed some information…
On 1 January 2016 a new restructuring law act came into force, which is to execute the so-called “new chance politics” The goal of the newly introduced regulation is to, among others, protect entrepreneurship, workplaces, employees and creditors in case of emerging financial problems for companies. The aim of the new restructuring law, according to…
Starting from first of December 2014 there will be the following changes in the company registry in Poland: 1. NIP and REGON numbers will be assigned by the KRS instead of tax office and statistical office. 2. Only one notary deed with Articles of Association should be submitted to the KRS when registering new company….
