201602.03
0
0

Budget for 2016 on the way

by in Economy, Law, Tax

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…

201601.04
0
1

New tax to hit Polish banks in 2016

by in Tax

A big change is coming up in 2016 for the banks and some other financial institutions operating in Poland, as Polish Sejm (lower chamber of the Parliament) has just passed a bill introducing a new tax. February 2016 will be the first month of functioning of the new levy. It will affect home banks, foreign…