News

Bad debt relief in 2020 Creditors will now have the option to reduce their income or increase any loss by the value of outstanding claims, but this will not be obligatory for them. Debtors, on the other hand, will be obliged to increase the tax base or reduce the loss by the amount of any unpaid debts that were previously included in tax deductible expenses. Discrimination and equal treatment in Poland in the work place The Act of 16th May 2019 amending the Labor Code Act and certain other legal acts, amends the provisions covering, among other things, discrimination in the workplace, mobbing or the issuing of employment certificates. The Act entered into force on 7th September, 2019 and will contain an open list of reasons for discrimination in the workplace. PIT 0 in Poland for young people up to 26 years old PIT 0 is intended for young employees that are employed on the basis of employment and mandate contracts, who are under 26 years of age and have an annual income of not more than PLN 85,528. artificial intelligence in accounting software Advanced technologies have dominated many industries, and their continuous development allows for the automation of an increasing number of business processes. Artificial intelligence is also used in the accounting services industry, where modern accounting programs, supported by AI technologies, have made it possible to free-up employees by performing many routine and repetitive tasks for them. withholding tax in Poland For many years the obligation to collect withholding tax has been the subject of heated discussions, both among the tax authorities and taxpayers alike. What exactly do they concern? Termination of a fixed-term contract in Poland In the near future, the Senate is expected to consider a proposal to introduce an amendment to the Labor Code, that would require justification to be provided in the case of termination of fixed term employment contracts. Valuation of receivables and revaluation write-downs When auditing financial statements, sometimes auditors ask for adjustments to be made to receivables. Why is this the case? What practices do auditors apply? electronic invoices in Poland From April 18th, 2019, all entities that participate in public procurement in Poland must accept electronic invoices. Who needs to issue and accept a structured invoice? Valuation of a business What is the valuation of a business and why is it needed? There are several reasons why information obtained from the valuation of a company may be required. Importance of work-life balance As many as 20% of employees are considering changing their jobs due to the lack of balance between their professional and private lives. People focus strongly on career development, but at the same time they want to have time to relax and pursue their passions. The Act implementing the GDPR From May 4, 2019, employers are required to apply the new regulations governing the processing of personal data of job candidates and existing employees. Check what personal data you can now obtain from candidates and existing employees.